Yes Banks, lending institutions, and some people, lend money to make money from the interest. However, they do not have to lend any money, to any company, they believe to be a high risk. Especially a 28.5 year old start-up company, that has never generated a single cent of revenue, and is already more than $10 million in debt with hopes of ever repaying it.
If the Baltia team was good, they would have already been flying.