Magic Johnson is doing his part to help out minority and women-owned businesses during this pandemic. Recently, he pledged $100 million through his insurance company, which will help small businesses that may have been overlooked by the government.On Tuesday, he appeared on Good Morning America to talk to Robin Roberts about his efforts to give back to small businesses.
He revealed that his company will be teaming up with a non-bank lender that specializes in financing minority and women-owned companies.He said, “My company EquiTrust we put up a $100 million for these fantastic companies that were not a part of the loan system, the stimulus package that went out and they couldn’t get loans.
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