It depends on the specific situation. In practice, it will be handled according to the reasons why the loan can't be done. If the contract clearly stipulates that the buyer shall bear the liability for breach of contract when the loan is not approved, it shall be regarded as breach of contract. If there is no agreement or the agreement is unclear, but the bank refuses to approve the loan because the information provided by the buyer is untrue or the credit record is bad, it is also considered as a breach of contract. If it is impossible to apply for a loan because of the bank, it is not a breach of contract. According to Article 23 of the Supreme People's Court's Interpretation on Several Issues Concerning the Application of Laws in the Trial of Disputes over Commercial Housing Sales Contracts, it is stipulated in the commercial housing sales contracts that if the buyer fails to conclude a secured loan contract for commercial housing due to the reasons of one party, the other party may request to terminate the contract and compensate for the losses. If the Commercial Housing Guarantee Loan Contract cannot be concluded and the Commercial Housing Sales Contract cannot be continued due to reasons not attributable to both parties, the parties may request to terminate the contract, and the seller shall return the principal of the purchase price and its interest or deposit to the buyer.