This is not valid. There are various additional guarantee mechanisms for the transaction, which significantly increase the likelihood of debt repayment:
🔸 Providing a solid guarantee (approx. Real estate). The cost of collateral is usually 1.5 - 2 times the amount of the loan. A reserve at the cost of collateral is necessary to guarantee not only the return of the body but also the payment of the amount of interest, penalties and fines that accumulate during the period of delay.
🔸 Personal guarantee. The guarantor is responsible for the obligations of the company with all its assets, including future income. In case of default by the borrower, the court may arrest the guarantor's bank accounts, and he may also be restricted from travelling abroad.
If the borrower/guarantor is still unable to fulfil his obligations, a bankruptcy proceeding may be initiated by the debtor or the lender. Being in the register of bankrupts makes it impossible not only to obtain loans in the future but may even lead to difficulties with opening bank accounts and other troubles.
🔸 Targeted use of the loan with control of revenue on the nominal account. In most cases, if the loan is issued for the replenishment of working capital and the borrower cannot or does not want to return the money, there is only one way for the investor - long-term litigation, by the end of which the borrower's company no longer has any assets.
With targeted loans and repayment on a nominal account, everything is much safer. If the borrower suddenly violates the terms of the target use of funds or changes the account details, where the proceeds from the counterparty/borrower's counterparties should come in, if the loan is not repaid, this can be interpreted as intentional action to not comply with the terms of the loan agreement and entail even criminal liability .