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Bouncing back – Lending to businesses in the aftermath of a disaster


SKU: CLRon181. Category: .


Abstract: In the aftermath of a natural or man-made disaster, small businesses often need immediate access to capital to tide them over. But lending to a company experiencing extreme challenges following a major weather event, such as a hurricane or an earthquake, is risky — especially if a business must relocate and rebuild its operations in a new location. This article provides some guidance for lenders in deciding which applicants to approve, offering several criteria to consider — including the extent of the damage, whether a company has dealt with disaster before and its previous performance. A sidebar lists some ways lenders and their banks can support disaster relief efforts.

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