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September 3, 2020
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Families of MLK, Jackie Robinson bash Trump over new ad: Beyond JPMorgan puts $30B toward fixing bankings systemic racism. MBE Capital has already processed over $300,000,000 in PPP loans including the EquiTrust partnership funding $100,000,000. The company can process up to 5,000 loans per day, utilizing end-to-end online technology to accept, underwrite, and transmit the applications to the SBA. The Lakers, worth an estimated $4.6 billion, returned the money after public pressure. Magic Johnson's EquiTrust Life Insurance Company will partner with MBE Capital Partners, a private nonbank lender that focuses on disadvantaged small businesses, to offer PPP loans. Defender Network - Houstons Leading Black News Information Source. Those interested in applying for the loans from EquiTrust and MBE Capital can apply here. Martinez and Johnson also announced the partnership on MSNBCs Politics Nation with Al Sharpton. Maybe you want to launch a business. MBE Capital Partners (MBECP) MBECP, a certified minority company, can help you access PPP loans faster through its online application and underwriting process. Maybe you want to turn a hobby into something more. 2018 - Houston Defender Media Group. MBE Capital is designed to help small and diverse businesses take advantage of this latest round of PPP funding. Magic Johnson offering $100 million in loans to minority-owned businesses left out of PPP loans May 22, 2020 The CEO of Magic Johnson Enterprises collaborated with MBE Capital Partners to offer $100 million in loans to minority- and women-owned companies hurt We knew why the money was gone and couldnt trickle down to small businesses, especially small minority businesses, because they didnt have those great relationships with the banks, Johnson told the Wall Street Journal. Former Los Angeles Lakers guard and team president Earvin Magic Johnson announced his life insurance company will provide $100 million for women- and minority-owned small businesses as part of the Paycheck Protection Program (PPP). The company can process up to 5,000 loans per day, utilizing end-to-end online technology to accept, underwrite, and transmit the applications to the SBA. According to Forbes, Johnson was motivated after hearing reports of minority- and women-owned businesses being shut out of the PPP. MBE Capital can tailor a unique capital program strategy by blending our Asset Based Capital, Purchase Order and Inventory financing products.It all begins with an idea. So this was easy for us to understand.. Focused on providing financial services to the Minority Community for over 21 years, MBECP understands the importance of access to cash flow for nonprofits and small businesses. The I-Team reached out to MBE Capital Partners, and the next day, Caldwell received $30,000. The loans are being offered through a partnership of Johnsons EquiTrust Life Insurance Co. and MBE Capital Partners, a New Jersey-based nonbank lender that specializes in financing Magic Johnson offers $100 million in loans to minority businesses, City of Houston supports and prioritizes the Sunnyside community, PVAMU partners with City of Houston to launch Healthy Houston Initiative, Families of MLK, Jackie Robinson bash Trump over new ad: Beyond, Yelp launches alert that identifies businesses accused of racism, Black composers showcased in HGO online concert, Empire star Taraji P. Henson hailed for mental health work, How Travis Scott is raising his daughter to be a strong, Kelly Rowland expecting second child: Im knocking at 40s door, Legacy duo Smith and Myles: Above the rim, Romeo Crennel ready to assume control of Texans, Astros George Springer passes Yankees Babe Ruth in MLB postseason record, Study: Optimism may guard heart health in Black adults, Windsor Village UMC helping Black businesses with food truck park, NewsWrap 8-28-20: BLM signs vandalized; Sports teams strike over WI shooting;, NewsWrap 8-21-20: DNC wrap; Harris County voter protections; Up to $50K, PVAMU set to begin new student orientation virtually, Congressional Black Caucus to host first-ever all digital annual legislative conference. All rights reserved. After feeling ignored in the first round of PPP loans, African American-owned banks and businesses have found ways to team up to make sure it doesnt happen again. MBE Capital is designed to help small and diverse businesses take advantage of this latest round of PPP funding. EquiTrust will work with MBE Capital Partners, a lender that specializes in asset-based loans for minority-owned small businesses, to distribute the loans Or maybe you have a MBE capital partners While filling out my PPP loan request, the last page says that if line 31 on my schedule ,c from last year is negative, I don't qualify for PPP. On May 18, Earvin Magic Johnson, majority owner of EquiTrust, the nations largest minority-owned insurance company, announced a $100 million partnership with MBE Capital Partners I opened in late October - MBE Capital released a statement claiming that it has funded more than 2,800 loans Johnson, the owner of EquiTrust, the nations largest minority-owned insurance company, will partner with MBE Capital Partners, a Latino-owned company, to provide supply chain finance solutions for Fortune 500 companies and their suppliers. 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