I don't know about you, but I was surprised - no, the word is shocked - when I read that without credit (aka debt), many, many businesses would fail. That many small businesses depended on getting regular loans to meet their payroll.
Is this the way America does business? I guess so... in my apparently way out of touch, feeble old mind, if you can't afford to pay your help, you don't hire them. If you have to borrow money to meet basic expenses (materials, workers, etc.) you're not a success. You're a failure.
I can't help but wonder how many failing businesses have been parading around as successes? Maybe we'll find out.