Can a company have a profit and loss statement that shows losses for?
Sure, but it depends on the business. Take a really successful, well-respected whiskey maker for example. He branches off, starts his own business, secured some capital from optimistic investors and then has to wait while the whiskey ages. He might be sitting on a load of assets but showing a loss in the first years before his drink goes to market. He could probably get a loan, but then again he probably doesnt need it.