It all depends on the circumstances. Taking out a loan can also be a good way to invest in a business opportunity or an investment that would offer long term benefits. There are several risks to consider when taking out a loan from the bank. If you are unable to make your timely payments, you would then default on your loan and that would obviously come with some additional problems.
A loan is only useful when taken out for a good cause. In this case, a good cause is something that would bring in huge profits later on.
I see this as a credit deliberately taken on a company. For example, someone who takes out a motorcycle loan to open a small business, in which later he will repay the motorbike through the profits earned through a business or business. I think it's also good to do as long as you are able to master certain business fields that can help him pay off any loans he takes from a company or bank as you mentioned.
Failure to repay a loan will obviously cause a very serious problem because wherever someone lends money or in whatever form it is, there is always a benchmark for paying it off. So it is better to think several times before making any loan because there is no way to run from paying it off later on.