A financing plan is a document that outlines how an organization is going to secure the funds necessary to achieve its goals. This can include borrowing from external sources, such as banks or investors; obtaining grants and sponsorships; taking out loans; and utilizing internal sources of capital, such as cash reserves. A good financing plan should provide a clear timeline and budget for raising the needed funds in order to effectively manage resources and reach desired outcomes. It should also outline any risks associated with the financial strategy, as well as any potential gaps that need to be filled.