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If the business is still viable with the debt load, the bank continues to get paid on the loan but whoever owns the company doesn't get much profit. There are p
by fencepost 3y ago
If the business is still viable with the debt load, the bank continues to get paid on the loan but whoever owns the company doesn't get much profit. There are plenty of businesses or there that exist but don't thrive or grow, the PE sucking of vitality just moves businesses that might have thrived into that category.