it’s a badly written sentence. I assume they mean the sector as a whole. That still sounds like a lot.
I don’t know how many banks there are in the US alone (I assume 1,000s) but how can any single company have enough collateral to secure a loan/or loans of that size?
If said company had that much in assets, why would it need to secure such a loan/or loans in the first place?
And it would be over the course of many years, not just one year.