2 min read
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.
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Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.