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How safe is it to join the umbrella company / or payrise company where they give commercial loans..is it approved by HMRC?

How safe is it to join the umbrella company / or payrise company where they give commercial loans..is it approved by HMRC?

Firstly, HMRC do not 'approve' anything and, secondly, a commercial loan is a payment of monies to a business which is repayable over an agreed term or on an agreed date.  If these are not the terms offered by the scheme provider I would consider it to be a sham arrangement with the sole purpose of avoiding tax and not simply unsafe but actually high risk.