What is a P&L statement loan?

A P&L statement loan qualifies self-employed borrowers using a profit-and-loss statement, often prepared or verified by a CPA, instead of tax returns. Some programs pair it with a few bank statements for support.

It suits business owners whose returns understate cash flow. The rate runs above conventional. We'll determine whether a P&L, bank statement, or 1099 program gives you the strongest income.

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