Only a fool takes a loan and pays it back, the point is when borrowing, especially for large loans, go bankrupt, get the money out somehow, use a good accountant and don't pay anything back. if you take a loan in order to pay it back, you are a loser because the interest is your work and the effort you give away. besides, banks print money out of thin air, so this money is free for everyone.
Money makes money so with this money you can set up the real honest business or to set up next business on other person name keep money flowing then build some credit history and take new loan.
That's the smart way and your time efforts getting paid and you make atleast something out of it.
That only makes sense if you don't NEED a loan. You don't take loan for fun, you do it because you don't have money at the time to make larger neccessary investment fast and you are SURE that you have money to pay it back later. And by investment i don't mean crypto or something, but something neccessary what you NEED fast and what pays itself back and costs more if you don't take the loan.
And what is this "somehow" you are getting the money? How do you get an accountant if you don't have money? What if you can afford accountant and that accountant agrees that you need a loan?
Also saying "banks print money out of thin air, so this money is free for everyone." (which it
by definition is not) is just dumb. In that case what would be the harm of taking a loan if it's free for everyone anyway? If it isn't worth anything there's definitely no problem paying it back.