The collateral of mortgage loan must have realized value and be able to handle mortgage registration. The business license does not have these abilities.

Business license is a certificate issued by the administrative department for industry and commerce to industrial and commercial enterprises and individual operators to engage in certain production and business activities. Its format shall be uniformly stipulated by the State Administration for Industry and Commerce. Its registered items include name, address, person in charge, amount of funds, etc. , shall not be forged, altered, leased, lent or transferred. Business licenses are divided into originals and duplicates, which have the same legal effect.