Merchant of Venice


How do we learn about Bassanio's financial state?why does he need money??


i woul reall appreciate it if someone gave me the answer..

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Bassanio informs Antonio that he has been prodigal with his money and that he currently has accumulated substantial debts. Bassanio reveals that he has come up with a plan to pay off his obligations by marrying Portia, a wealthy heiress in Belmont. However, in order to woo Portia, Bassanio needs to borrow enough money so that he can act like a true nobleman. Antonio tells him that all his money is invested in ships at sea, but offers to borrow money for him.