Former NBA all-star Magic Johnson told the Wall Street Journal that his life insurance company will provide $100 million in funding for small women and minority owned businesses as part of the Small Business Administration’s embattled Paycheck Protection Program. The loans are being offered through a partnership of Johnson’s EquiTrust Life Insurance Co. and MBE… Continue reading Magic Johnson’s Life Insurance Company Reportedly Funding $100 Million in Small Business Loans
Tag: small business loans
Senate Passes Bill for Additional Small-Business Aid
Congressional leaders struck an agreement with the White House to deliver more than $480 billion in aid to small businesses and hospitals, the federal government’s latest effort to blunt the economic and health-care crisis caused by the coronavirus pandemic. The top Democrats and Republicans on Capitol Hill said Tuesday they reached a deal with Treasury… Continue reading Senate Passes Bill for Additional Small-Business Aid
Illinois Announces Loans, Grants to Help Small Businesses Including Hospitality Industry
Illinois Governor Pritzker announced measures to help small businesses in the state in the wake of the coronavirus pandemic. Among the measures Pritzker announced: The Illinois Small Business Emergency Loan Fund: This $60 million fund will support low interest loans of up to $50,000 for small businesses in every industry outside of Chicago. Businesses with… Continue reading Illinois Announces Loans, Grants to Help Small Businesses Including Hospitality Industry