Why Business Need InformationBusinesses need information to help growth happen. Sales leads can come from information services, etc. and this sparks growth, which would turn into more revenue. Business information is a vital part of business. 5 people found this useful What information do you need to apply to get a business loan? Most business lenders will require two- to three-years tax returns, current financial statements for the business, and a statement of how you plan to use the funds.