P&L-Based Loans

A P&L loan is an alternative mortgage solution that uses your profit and loss statements to assess your business’s financial health and ability to repay the loan. It’s perfect for self-employed individuals who may struggle to provide W-2s, tax returns, or other traditional documentation. Instead, we focus on your P&L statement to determine your eligibility for funding.

A P&L loan is an alternative lending option that evaluates your profit and loss statements to determine if your business can repay the loan. It’s designed for self-employed borrowers who may have difficulty providing W-2s or tax returns. Instead, we assess your P&L statement to qualify you for the loan.

To qualify for a P&L loan, the borrower must have been self-employed in the same business for at least two years, with evidence such as a business license, tax preparer’s letter, Secretary of State filing, or other equivalent proof. The borrower must own at least 50% of the business, and the P&L statement must be certified by a CPA, IRS Enrolled Agent, or California Tax Education Council.

Our process is more efficient by removing the need for tax returns, bank statements, or other income paperwork, allowing loans of up to $1,000,000 to be assessed directly from the business’s P&L statement.

The program offers loan amounts up to $1,500,000 and lets you qualify using just two months of business bank statements, making it adaptable to fluctuating income. Additionally, there’s no self-employment questionnaire required, making it well-suited for seasonal or cash-based businesses.