I agree with you on this one, surely taken a loan to start up a business is not a bad idea, since we are guarantee about the outcome depending on how determine a guy is towards the business and also having a business idea matters alot, because if you don't have a business idea there no way you can be able to expand your business. So therefore I think is very important for one to have a good business idea before he or she would think of going for a loan, because some person's go for a business loan but at the end they couldn't do anything useful with the money due to lack of business idea.
It is never right to do business, always think about investing. It is right to invest in debt and it is not right to do business. Because if you take a loan to do business, then if all your money is lost, then how will you repay the loan? In this way, you will continue to be burdened with one loan after another, so it is never right to take a loan.
You are definitely right to an extent, but take note that taking loan to expand an existing business is the real deal because you already knows what to expect and their is a higher probability that the business will be fruitful than when you are borrowing money to start it up, but it's not entirely wrong to borrow money to start up a business if you are paying back from another source, the real reason most people will Advice not take a loan to start up a business is because you don't know how the business will play out, if it's going to be successful or not, but if you are paying it back from another source, it's a risk worth taking in my own opinion, but the best possible scenario is if you are taking the loan to expand and existing business.