Company with deficit needs American for huge figure (8)
I believe the answer is:
colossus
'huge figure' is the definition.
(I've seen this before)
'company with deficit needs american' is the wordplay.
'company' becomes 'co' (abbreviation).
'with' is a charade indicator (letters next to each other).
'deficit' becomes 'loss' (I've seen this in other clues).
'needs' says to put letters next to each other.
'american' becomes 'us' (abbreviation for United States).
'co'+'loss'+'us'='COLOSSUS'
'for' acts as a link.
(Other definitions for colossus that I've seen before include "VIP" , "The - - of 19" , "Enormous figure" , "Behemoth" , "Enormous statue" .)