Profit and Loss Loans
Alternative Income Solutions for Self-Employed Buyers
Traditional lending often relies heavily on W-2s and tax returns to verify income — but that doesn’t work for everyone. Self-employed individuals, freelancers, and business owners often have fluctuating income or take legal deductions that reduce their reported earnings. Profit and Loss (P&L) loans offer a smart solution by allowing borrowers to qualify based on their business’s profit and loss statements, instead of tax documents. These loans are particularly useful for entrepreneurs who manage their income strategically and want financing that reflects their true financial health.
Tailored for Self-Employed Professionals
P&L loans are designed for borrowers who run their own business and manage complex financials. If you’re a sole proprietor, partner, or small business owner, these loans let you qualify without needing tax transcripts or traditional pay stubs — just clean, accountant-prepared P&L statements.
Keep More of Your Deductions
Business owners often reduce taxable income through deductions — but that can hurt them when applying for traditional mortgages. With P&L loans, you don’t have to sacrifice those savings just to get approved. Your eligibility is based on real revenue and expenses, not just what’s reported to the IRS.
Faster Approvals with Less Paperwork
Compared to conventional loans, the documentation required for P&L loans is straightforward. With a solid profit and loss statement and basic business information, lenders can move quickly through underwriting. This means a smoother, faster path to closing — ideal for time-sensitive transactions.
Perfect for Purchasing or Refinancing
Whether you’re buying your next home or looking to refinance, P&L loans offer the flexibility and practicality that self-employed borrowers need. They work with a variety of property types and loan structures, giving you the freedom to choose the terms that suit your lifestyle and goals.
