The already low block reward and the steadily falling prices have put a lot of miners out of business
Nonsense. Hash rate is at an all time high, and indeed, has seen some of the fastest growth we've ever seen over the last few months.
https://bitinfocharts.com/comparison/hashrate-btc-sma7.html#alltimeI also think that this loan offer of Binance is like a wolf in sheep's skin, ready to take advantage of the mining company that has difficulty in maintenance.
It's a win-win for Binance. Give out a loan to a struggling miner, using their assets as security. Either they pay back the loan and Binance make a profit, or fail to pay the loan and Binance take their assets, which will likely include all their mining gear, meaning Binance get to grow their own operation.