If you’re unable to make a payment on your business loan, it’s important to notify your lender as soon as possible. Many lenders are willing to work with you to create a payment plan or provide short-term relief if your business is going through temporary difficulties. However, missing multiple payments can lead to penalties, higher interest rates, or even default, where the lender can take legal action or seize collateral in the case of secured loans. Always communicate openly with your lender if you anticipate trouble repaying.