📊 P&L-Only Loans
One CPA-prepared P&L. That’s the income documentation.
At the lightest end of the self-employed spectrum, P&L-only programs qualify you on a profit and loss statement prepared by a CPA or licensed tax preparer — sometimes paired with a couple months of bank statements as a sanity check. Maximum privacy, minimum paperwork, priced accordingly.
Is this you?
P&L-Only Loans tend to be a great fit for…
- Established business owners with a CPA relationship
- Borrowers with complex multi-entity structures that make tax returns a novel
- Buyers who value speed and privacy over squeezing out the last pricing increment
Questions investors actually ask
P&L-Only Loans: straight answers
Who has to prepare the P&L?
A CPA, enrolled agent, or licensed tax preparer — programs want a credentialed third party behind the numbers, not a spreadsheet you made at midnight. Your preparer will also typically confirm they’ve done your filings.
Will anyone verify the P&L?
Often yes, lightly — some programs cross-check with two or three months of business bank statements to confirm revenue is in the same zip code as the P&L. It’s a consistency check, not an audit.
Is the pricing worse than a bank statement loan?
Generally the lighter the documentation, the higher the pricing — P&L-only usually prices at or above bank-statement levels. Whether the convenience is worth it is a math problem we can run in one sitting.
Keep exploring
DSCR Loans
The rental’s income does the qualifying — no tax returns, no W-2s, no personal DTI math.
Learn more →Bank Statement Loans
Your deposits tell the income story — 12 or 24 months of statements instead of tax returns.
Learn more →1099-Only Loans
Qualify straight off your 1099s — no tax returns, no expense archaeology.
Learn more →Not sure if P&L-only loans fit your deal?
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