With the changes it makes more sense to reinvest in the company than to use the company to shelter the money, but at current interest rates you would probably still be better off leaving the money in investments and borrowing the money.

If the company is in a financial position such as to have a considerable investment portfolio, the bank won't worry a lot about loaning the money.  On the other hand, if your company is not in a financial position to have a considerable investment portfolio, it won't be in a position to take advantage of the current tax sheltering provisions.

Yes, the money is dead either way, but there is no benefit to society to having the money taxed at different rates depending on whether it is invested by Joe Blow Inc or Joe Blow.