CNN: Magic Johnson will provide $100 million to fund loans to minority-owned businesses

CNN: Magic Johnson will provide $100 million to fund loans to minority-owned businesses. “Magic Johnson may no longer be playing in the NBA, but the Hall of Fame member is still making valuable assists. Johnson announced that EquiTrust Life Insurance Co., of which he owns a majority, is providing $100 million in capital to fund federal loans for minority and women business owners who have been hit hard by the coronavirus pandemic.”