I had a loss-making year but the business is turning around — can I still borrow?

A single loss-making year doesn't rule you out if the business is clearly recovering; lenders read the trajectory, and finance can fund the momentum that seals the turnaround. A loss-making year is a data point, not a verdict. What matters is where the business is heading — recent months showing recovery tell a far more useful story than a single historic loss.

I had a loss-making year but the business is

2 min read

One bad yearNot the end

Trajectory mattersShow recovery

Fund momentumSeal the turnaround

Lenders read the direction

A loss-making year is a data point, not a verdict. What matters is where the business is heading — recent months showing recovery tell a far more useful story than a single historic loss.

Show the turnaround

Bring up-to-date management figures that evidence the recovery. A working-capital facility can then fund the momentum — stock, staff, marketing — that turns a recovery into a solid year.

Be straight about the loss

Explain what caused the loss and what's changed. Owning it and showing the fix builds more confidence than hoping a lender won't notice. See borrowing after a loss-making year.

What it means for you

Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online when the numbers work.

Frequently asked questions

Can I get a business loan after a loss-making year?

Yes, if you can show the business is recovering. Lenders read the trajectory — recent management figures that evidence a turnaround matter more than a single historic loss.

Should I hide a past loss from a lender?

No. Explain the cause and the fix — that builds confidence. Recent figures showing recovery, plus an honest account of the bad year, is a far stronger application than concealment.