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Small business owners often face challenges when applying for funding due to a lack of revenue, sales history, or tax returns. When filling out funding applications, a key question is about the business's revenue. However, it's essential to understand that financial institutions are more interested in your projected income. Instead of focusing on current financial status, consider your future contracts and potential revenue. For instance, if you anticipate earning $100,000 or $150,000, you can use that figure in your application. This approach allows you to present a more optimistic financial outlook, which is critical for securing funding.
