Liability for misuse of credit

If an enterprise takes out a large loan from a bank, and then the managers change documents or falsify information to obtain the money, and also use these funds for unintended purposes and do not return the full amount, are they really only facing criminal liability? What else could there be – for example, can the bank recover these funds from the new owners of the company, or how are such debts repaid if the founders and managers have been replaced?