I have losses in my financials, can i get Unsecured Business loans
Answer is YES.
You may have losses in business , but still you can get business loans basis your GST Turnover and banking turnover.
Lenders generally talk to you on your business model and profitability metrics in coming month or years. They asses you historical data as well as your future order book and business plan.
If reasons for loss are justified by you, may get loans easily .
However below challanges you may face
Not all lenders offers loans to loss making Units.
Pricing of such loan comparatively be high at you are more risky borrower to lender compared to profit making unit .
Tenure offers might be short term.
