o[ Loans

San Fernando Valley Retailers for Construction

Homes Meet at No. Hollywood

The quarter page advertisement of the Bank of America in the daily papers of June 6 announcing that they are making loans for the construction of small homes was the best piece of news that retail lumbermen all over California have had for some time. The loans are to be repaid by installment payments. The wording of the advertisement was as follows:

"As its part in the statewide eftort to help bring back good times, Bank of America is making loans for the construction of small homes. Such loans to be repaid by installment payments Bank of America offers this 'cooperation in support of the program of the United States Government and the Reconstruction Finance Corporation, to put dollars to work. Again this institution demonstrates its faith in California . Release of these loanable funds to individuals building small homes, means stimulation of the entire building industry and real estate developmentmore men at work. More men at work means greater buying power; one further step toward a sound prosperity We are desirous of rendering a human, broad, constructive community-building banking service, and favor the making of small loans to the greatest number of worthy borrowers