Yes, if it's due to the factors you mentioned or the COVID-19 pandemic, you're right. Everyone does it because they have no other choice. Some are forced into bankruptcy and debt for various reasons, such as borrowing to pay debts, pay employees, and other reasons, depending on their business and circumstances.
However, under normal circumstances, as I mentioned, it's all for the best. I've been through it myself, and what I call debt is nothing more than seeking available capital by finding other ways to minimize the amount of borrowing needed, such as selling something valuable or other ways to raise capital. And if that's still not enough, a loan is the best solution, so try to avoid debt as much as possible. If that's still not enough, and perhaps only a few percent are left, say 35% or 25%. And that's a small loan, and you definitely have the ability to repay it because low interest rates allow for higher business profits after you've paid off the installments.
The Covid-19 pandemic created an economic crisis all over the world. In my country, many businessmen lost everything. Only those who did business in the medical sector were able to continue their business to some extent during this time, while the situation for the rest was dire.
And lastly, I agree with what you said because taking a loan is not a bad thing if you have no other way but to recover rather than going completely broke. I have already said that taking a loan is only bad when we spend it on unnecessary expenses.