Magic Johnson Makes Another Assist—to the Small Business Aid Program: “Citing concerns that minority-owned businesses are being overlooked, Earvin ‘Magic’ Johnson said his EquiTrust Life Insurance Co. will provide $100 million in capital to fund loans through the Small Business Administration’s Paycheck Protection Program. EquiTrust, which is majority owned by Magic Johnson Enterprises, will partner with MBE Capital Partners, a Fort Lee, N.J., based nonbank lender that specializes in financing minority- and women-owned companies, to offer Paycheck Protection Program loans.”