If someone tried to tell a financial institution that KBLB has a product because they created a few samples, they would laugh at them. A financial institution wants to see sales figures, signed contracts, collateral, etc. They are bean counters. They aren't a charity to help KBLB out of a tough situation. They want to make sure that they will get their money back if things don't go as planned. Kim can't provide that. Basically, KBLB is flat broke and in debt. Kim even owes his employees money.
The only way that Kim can finance the company at this point is to either sell his own shares, or create more shares of KBLB (aka dilution). Since Kim is a greedy pig, he won't be selling his own shares.
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