Magic Johnson Offers $100 Million In Loans To Minority-Owned Businesses

  • Magic Johnson is stepping up to help out minority-owned businesses struggling during the pandemic.
  • The Hall of Famer is offering $100 million in loans to businesses that were shut out of the federal government's PPP loan program.
  • Magic said these businesses "have been the pillar of our community, that also employ a lot of black and brown people in our community".
  • Photo: Getty

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