Loan Types

Profit & Loss Loan

Qualify with a CPA-prepared P&L statement

Min. Down Payment

10-20%

Min. Credit Score

660+

Best For

Business owners with a CPA-prepared P&L

Talk to a Loan Officer

What Is It?

Understanding the Profit & Loss Loan

A P&L loan is an alternative-income mortgage where a licensed CPA or tax professional prepares (and signs off on) a profit and loss statement for your business, which the lender uses to calculate your qualifying income.

It's a great fit for business owners whose bank deposits don't clearly separate business and personal funds, or whose income is better represented by a formal accounting statement than a stack of bank statements.

Key Benefits

Why Borrowers Choose This Program

No tax returns needed

A signed CPA statement replaces the need for full tax return documentation.

Accurate business snapshot

Reflects your real revenue and expenses as prepared by a professional.

Faster document collection

Often simpler to compile than 24 months of bank statements.

Flexible for varied businesses

Works well for service businesses, consultants, and professionals.

Who It's For

Business owners with a trusted CPA or accountant
Self-employed borrowers whose bank deposits mix business and personal funds
Consultants and service professionals with variable monthly income

Requirements to Qualify

CPA- or tax-preparer-signed profit and loss statement
Typically 2 years of self-employment history
Credit score generally 660 or higher
Down payment usually 10-20%
Business license or proof of ownership

Prosসুবিধা

No tax returns required
CPA statement can better reflect true earnings
Often quicker to assemble than bank statement history

Consঅসুবিধা

✕Requires a CPA or licensed tax preparer to sign off
✕Rates can run higher than fully-documented loans
✕Fewer lenders offer this program compared to bank statement loans

FAQs

Common Questions About Profit & Loss Loans

It generally needs to be prepared and signed by a licensed CPA, enrolled agent, or tax preparer — not self-prepared.

Some lenders ask for a few months of bank statements to cross-check reasonableness against the P&L, but full 12-24 month history usually isn't required.

They're similar alternative-documentation programs, but a P&L loan relies on an accountant-prepared statement rather than raw deposit history.

Ready to Get Pre-Approved?

See if the Profit & Loss Loan is the right fit for your situation — free, no-obligation consultation.

Profit & Loss Loanপ্রফিট অ্যান্ড লস ঋণ

Understanding the Profit & Loss Loanপ্রফিট অ্যান্ড লস ঋণ বোঝা

Why Borrowers Choose This Programকেন ঋণগ্রহীতারা এই প্রোগ্রাম বেছে নেন

Who It's Forকাদের জন্য উপযুক্ত

Requirements to Qualifyযোগ্য হওয়ার প্রয়োজনীয়তা