I have friends in the business segment of society who have agreed to fund me if I presented a good business plan.
So I can make this work. they will invest if I bring up a nicely polished game without any funding from them to let them "SEE" the potential our game studio is capable of.

Make sure to find out if they want debt or equity in return. Debt means they give you $10,000, and you owe them $15,000, but you retain control of the company itself and can do pretty much whatever you want. Equity means they give you $10,000 they own 10% of the company. That will add another layer of bureaucracy, will add board meetings, you will have to make finance reports and request for money to be freed when you need to pay for something.