Even if it was a bank loan: who cares what you need money for? Maybe you wanted to finance a transgender operation and were reluctant to inform bank about it? Maybe you wanted to give it to charity and remain anonymous?
As long as it is covered by a collateral, how is it a crime?
Hell, he could get a 130K signature loan with no credit check/no collateral.
Hey, if a Conservative is involved the Libs all think it is a crime.