But, just because a loan is a bad deal for the bank, doesn't mean it's a good deal for you, as the small business borrower. It could be a bad deal for you too. Remember, these loans are a bad deal for banks because often they can't be repaid. But, we are assuming you intend to repay your loan and be successful. You will repay not only the loan, but also a relatively high rate of interest.
Debt is just like a child.
It takes money to support. The interest you pay is a regular, ongoing expense. The same is true in small business. When you borrow money, you must pay interest regularly. Usually a good chunk of interest.