What is the advantage for a business of buying a capital asset with cash instead of taking a loan?

When you purchase things with cash, you own it, you don't owe anyone and you pay just the price listed by the seller. When you take out a loan, you have to pay interest, and the thing is not yours until you pay off the loan. In case you can't pay a payment, then you won't get neither the thing, not the payments already made on it.