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The business keeps continuing even with huge debts, as long as the cash flows are there. The cash flow is the most important thing. It's comparable to a person who gets a huge mortgage debt. It is possible that a huge business operates on a loss instead of a profit. If you take a look at the financial statements of big public companies, you can see that some of these companies suffer losses on the income statement for several years in a row.
So, it is possible that the survival plan of company depends on getting approved for a loan and paying interest.
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