You call them loan sharks - no one twisted the CEO's arm to sign the promissory notes.
The toxic lenders aren't violating any usury laws - remember that corporate lending is governed by different laws than personal loans.
I am not a fan of the toxic lenders but these OTCM companies don't have to become involved - the issue is that the toxic lenders don't vet the companies like a conventional lender.
Real companies don't participate in toxic financing.