Paying business loan when business is at loss

[Nomad]

How do you pay your business loan when your business is at loss? I once had a dairy business. I started the business through a bank loan. IN the beginning everything was fine but then the cattle started dying and I started making losses. When the losses were unbearable I sold my assets to clear the loan.

 

[Timgab]

Sorry about that. That is why I don't like loan of a thing in the first place. And to be precise, those with fixed rate, a fixed return date or requires collateral is occurrence I haven't and do not want to ever come across.

 

[Nomad]

Well, a lot of big businesses are built on the basis of loans., therefore, you should not be afraid to take loans. Just because I failed with business does not mean everyone will fail. If you do not have capital, loans will help you