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Banks can be a pin in the neck when they want to get their funds back from their customers. A lot of people have lost their assets to bank loans.
On the other hand, when people have a good plan and a thriving business, they can apply for good bank loans after considering the repayment plan.
Everything depends on good planning and then a good analysis of ideas and processes. Taking out a loan to pay off debts is good, but if you're not careful it can make things worse if you can't pay back the bank.