What you're referring to is endogenous money. The term that banks usually use is to 'extend credit' rather than lend money. They never actually lend money or credit to anyone - all they do is buy securities (i.e. when you sign the paperwork for a 'loan', you're signing a promissory note, which is a security).

Few people understand that, but even fewer understand that bank credit is not accepted for the payment of taxes.