Vancouver

The risk actually complete and utter bullshit anyway, especially if you're operating under a corporation.

Consider I take out $1m to start business. I buy a property and equipment for the business. I operate it for a year, make some money, then go bankrupt.

The bank takes back the business assets and ... That's it. They can't touch your personal assets unless you agreed to put them up as collateral. If it was a sole proprietorship your credit score goes to zero which sucks for a few years, but if it's a corporation the company goes bankrupt and you walk away scot free.

So I spent a year running a business, made some money, and wind up in the same place I started. What did I lose? Maybe a credit score and that's it.

If there is nothing to lose, then there is no risk.