PAO Group Inc (PAOG)

[rscomps]

Banks don't usually give loans to the companies that aren't established, and when they do, they give them based on the company owners' credit history and income (and the company owner is then personally responsible for the loan. Given Kitslers' history, I doubt they'd want to be personally responsible for anything that has to do with their business).

Besides, loans have to be repaid, and banks keep track of those who don't repay them. Selling shares puts money in your pocket with pretty much no strings attached.

Of course, yet another way is convertible debentures, where the loan you take is backed by the shares of your company, but as a shareholder, you really don't want that.