In order to run and finance a business you need to plan for the future by setting business aims and objectives.
You then need to identify the financial implications of these aims and objectives together with the required actions needed as a result of variances (positive and negative) against what is planned.
Banks and other lending institutions will certainly want to know who the key members of a business are and what confidence they can place in their plans before they consider advancing any funds to the business.
Confidence in the individuals and the business plan may not only result in funds being advanced but will also assist in negotiating on more favourable terms.