Do you currently have employees, or intend to hire in the near future? Many business owners seek funding to cover payroll or hire employees.  Payroll is the single largest liability for a business owner.

If payroll taxes are not paid, you as a business owner are 100% liable for your employee's taxes, and there will be a 100% penalty on top of that and it gets worse.  Even if you are incorporated, all signers on the business account, and any officers in the corporation owning 10% or more, will be held 100% personally liable for 100% of the taxes and penalties.

It still gets worse. You cannot bankrupt out of it and it will follow you until it is all paid. In addition, there is a 9% annual interest rate that is applied to the total sum of taxes and penalties.  And going down that road will surely destroy all your business credit building efforts.