Obama's Porkulus was the bailout (not loan) which we will never see again.
Firstly, companies are not normally coerced into taking loans. Secondly, loans are normally structured, and not left to be repaid, if ever, whenever the borrower gets around to it. Certainly they aren’t considered to have been theoretically repaid merely because they could be repaid, or could were the business was liquidated, but aren’t in fact. Thirdly, loans normally cost something. Finally, loans normally aren’t a given on the side of the lender, and can’t be relied upon in the future because the lender had guns and can take people’s money and the Too Big to Fail philosophy has been by implication permanently in force.