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The phrase 'has borrowed' is correct and usable in written English.
It is used to indicate that someone has taken something with the intention of returning it. For example, "The student has borrowed a book from the library for a school project."
Exact(56)
The business has borrowed funds from HSBC.
"He has borrowed his authority from death".
As Mr. Jagger has borrowed from her, she has borrowed back.
Bainbridge has borrowed her heroine, Queeney Thrale, from history.
Vietnamese has borrowed liberally from Chinese over the centuries.
He has borrowed money from everyone he knows.
The gallery has borrowed more than 50 drawings.
Mr. Kerry has borrowed against it in the past.
To do that, Tyco has borrowed $7.4 billion.
(Perhaps she has borrowed a plant or two).
The town has borrowed money in other ways, but rarely.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com