Legal analysis: Applying for a loan will have an impact on you. If he cannot complete the repayment on time, your business license may be withheld. Moreover, the application cannot be processed under review, and the impact on you will still be very great. This is no less than if someone borrows money from you. So you should weigh the pros and cons and think clearly before doing it.

Legal basis: "Company Law of the People's Republic of China"

Article 6 To establish a company, one must apply for establishment registration to the company registration authority in accordance with the law. Those that meet the establishment conditions stipulated in this Law shall be registered as a limited liability company or a joint stock company by the company registration authority; those that do not meet the establishment conditions stipulated in this Law shall not be registered as a limited liability company or a joint stock company.

If laws and administrative regulations stipulate that the establishment of a company must be subject to approval, the approval procedures must be completed in accordance with the law before the company is registered.

The public may apply to the company registration authority to inquire about company registration matters, and the company registration authority shall provide inquiry services.

Article 7 A company established in accordance with the law shall be issued a business license by the company registration authority. The date of issue of the company's business license is the date of establishment of the company.

The company's business license shall state the company's name, address, registered capital, business scope, name of the legal representative and other matters.

If the matters recorded in the company's business license change, the company shall handle the change registration in accordance with the law, and the company registration authority will renew the business license