NON-PROFIT SPARKS QUAKE RECOVERY WITH BUSINESS LENDING

by Bruce Dobb and Roberto Barragan

In January l994, the San Fernando Valley was hit with the largest urban disaster in the history of the United States. The 5th largest economy in the country suffered $ 40 billion in damage, an immediate drop in population and the business disruption or shut-down of over 100,000 large and small businesses. Bank lending virtually ground to a halt as financial institutions accessed their damages and sorted through insurance coverage...

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