These statements might include your
assurance that the business is legally able to do business in the state, that the business has filed all its tax returns and paid all its taxes, that there are no liens or lawsuits
against the business that could affect its ability to pay back the
loan, and that the financial statements of the business are true and accurate.
Some lenders may require additional
assurance, either by requesting that a
loan is secured
against your assets, or that you arrange a co-signatory to the
loan.