[umanwizard]

Yes, but the original claim was that non-halting TMs must loop because the number of configurations is finite. But that's not true.

Here's an example of a bf program that never returns to an identical configuration, and also never halts. The corresponding TM would be excluded from consideration for the busy beaver number, despite never "looping" according to your definition.

    +[+]

A similar-in-spirit TM (with tape alphabet {0, 1}, and only one machine state) is the one that unconditionally sets the current symbol to 1 and then moves to the right. This never encounters the same configuration twice (the number of 1s on the tape increases each turn) and also never halts.