Legal analysis: both lenders and borrowers should have their own ownership certificates when applying for loans. Borrowing another person's business license is a forgery of application materials, which is also illegal. If the circumstances are serious, it may constitute the crime of defrauding loans.

Legal basis: Article 175-1 of the Criminal Law of People's Republic of China (PRC) obtains loans, bill acceptances, letters of credit and guarantees from banks or other financial institutions by deception, thus causing heavy losses to banks or other financial institutions, and shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also, or shall only, be fined; Whoever causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.

If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.