That's part of the steps each of us must take before considering taking out any loan. Lenders will also look at our assets and the business we run so they can trust us to lend without unnecessary worries. And what you say is true. If we don't have any business to repay the loan, it's best not to take out any loan, even though lenders won't readily approve our requests if they know we have nothing. Therefore, starting your own business in a simple and gradual manner is a necessary step before considering a loan to build a larger business in the future.
Before starting, every business owner must first know their monthly sales so they can calculate their own budget when considering a loan. This is part of preventing yourself from getting into trouble, as difficulties often arise from not knowing your own ability to repay a loan with a fixed term, which always accrues interest each month.
Taking out a loan, specially in this world, is easy, banks are giving out loans like candy. The real trouble is to use them for something that could get us a good return. I always say, if push comes to shove, I can take as much as 100k loan, which is HUGE, because lets face it I can't pay that back at all.
But as someone who can retire on 200k, that means ,I have 100k to turn into 200k and then I am done, after paying the loan back of course, so that means more like need to turn 100k into 400k, 200 to the bank and 200 to me. But I never did, because x4 return scares me. When in fact, if I did that before the elections, like last year, I could have bought bitcoin for as low as 50k, it was there, and if you go just 2-3 years ago, it was under 20k, meaning 100k would have been 700, and I would have paid not the bank back only, but retire wealthy. It's just very scary.