1. Fraudulent loan by a shell company refers to applying for a loan as a false company, and then transferring the loan funds, which eventually leads to the failure to repay the loan.
2. This behavior will not only damage the credit of the lender, but also seriously affect the financial situation of the family, and even lead to the bankruptcy of the family.
3. In addition, once the shell company is found to be suspected of fraudulent loans, the relevant legal responsibilities will be borne by the main lender, involving criminal offences. So shell companies will harm their families by cheating on loans. A shell company refers to a company that has no substantive business or business activities.