Hi Mandisi

It depends on who you are approaching for the funding. Approaching a friend or family for financing will be very different from approaching a bank or venture capital firm.

Generally, when approaching a bank you will need to show a good business case and a track record. Most of the time, banks will only provide financing for businesses that are post revenue and are showing profit and potential as it is seen as less default risk for the bank (where the debtor can no longer repay back his owings)

some more means of funding:

There are many different approaches to getting funding and each depend on the stage or life cycle of your business. 

If you are in an early stage business, I would suggest looking to friends and family or angel investors - these are people who invest in start-ups, usually before bigger investment companies would be willing to invest. This is likely to have the lowest equity cost. As an early stage company, you don't want to give away too much equity.

As a later stage company, you can look to established private equity and venture capital firms to raise funding. These are likely to be more expensive in terms of giving away equity/ shareholding.

Lastly, you can also seek debt financing from banks however this will be more difficult if you have an early stage/ pre revenue business