diff --git a/lib/builder/builder.js b/lib/builder/builder.js
index 4b5fa41696..c08148448c 100644
--- a/lib/builder/builder.js
+++ b/lib/builder/builder.js
@@ -287,6 +287,8 @@ export default class Builder extends Tapable {
           dst: 'loading.html',
           options: this.options.loadingIndicator
         })
+      } else {
+        console.error(`Could not fetch loading indicator: ${this.options.loadingIndicator.name}`) // eslint-disable-line no-console
       }
     }