Legal analysis: enterprises can still borrow money after equity pledge. Enterprises applying for equity pledge need to meet the following conditions: 1, with independent legal personality; 2, in line with the national industrial policy, good business performance; 3. The pledged equity industry is registered and managed by the securities registration center; 4. Other conditions stipulated in the general loan rules.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 444 Where intellectual property rights such as the exclusive right to use a registered trademark, patent right or copyright are pledged, the pledge right shall be established at the time of pledge registration. After the pledge of property rights in intellectual property rights, the pledgor may not transfer or license others to use them, unless the pledgor and the pledgee agree through consultation. The pledgor shall pay off the debts in advance to the pledgee or deposit the price for transferring or allowing others to use the pledged intellectual property rights.

Article 425 Where the debtor or a third party transfers his movable property to the creditor to guarantee the performance of the debt, and the debtor fails to perform the due debt or the creditor has the right to be paid in priority for the movable property. The debtor or the third party specified in the preceding paragraph is the pledger, the creditor is the pledgee, and the delivered movable property is the pledged property.