Specialty · Profit and loss
Use a current P&L when last year’s return is not the real story.
Profit-and-loss programs can help self-employed borrowers who need qualification based on a CPA-prepared P&L rather than full tax returns alone.
Profit & Loss Loan
Some business owners had a stronger recent year than the tax return on file. A P&L program lets us talk about current business performance with a CPA-prepared statement.
This is not a shortcut around underwriting. Lenders still review credit, the property, and how the numbers were prepared. A CPA-prepared P&L is often required.
I will tell you quickly whether this path applies to you, or whether bank statement, DSCR, or another program is cleaner.
What to know
Program details depend on the property, credit, and file. I will say so if another option is a better fit.
- Built for business owners whose recent P&L is a better picture than last year’s return.
- A CPA-prepared statement is often required.
- We compare this against bank-statement and other specialty options.
- Send the form if you want a straight answer on fit.