Whenever someone starts a new venture there only one problem that has to be solved and that is of finance. Whatever you want to buy as part of your project it needs money. Without money it is impossible to start off with anything. The amount of money needed depends on the size of the project. Big or small every project needs money to start. So is it that people who have new ideas or want to start their own thing should stay back because they have no money? Earlier it used to be like that. But with advent of banks and their ease of giving loans, it has become possible for each and everyone to avail loan to start off their work.
Loans can be availed by anyone, but they have to produce papers supporting their project in front of the bank. This is an important step for the banks to remain safe from the fraudulent people. If the banks sanction loans without any background check it becomes very easy to anyone to take the money and run away. This may lead the bank to bankruptcy.
Banks, therefore remain very cautious to whom they lend their money. Many a time the people may use money for something which not acceptable socially and politically leading to an unrest either in a single country or worldwide. This is why you have to show your project and its papers so that the banks are assured of giving their money into the right hands. Not only this, the papers are crosschecked later in case you want the lainaa heti (loan immediately). This is an important step and is in favor of everyone as far as security is concerned.
There may be sometimes some delay in the sanction of loan due to all the paper work but one thing is clear that if your papers are up to the mark the banks do not hesitate in giving you loan.