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.
Then who will give you a large loan without a written agreement and collateral included? Nothing comes for free, even when you pee in a public toilet you have to pay. Bankruptcy is an unavoidable risk in a business, this situation is common and you must be someone who does not run away from all responsibilities when the situation is tight. Other people willingly help you by borrowing money that they have collected with great difficulty, and then you plan not to pay it back when you go bankrupt. I think you are the type of person who cannot repay the kindness of others.