P&L Loan

P&L Loan is a streamlined Non-QM financing solution for self-employed borrowers that uses a professionally prepared 12-month Profit & Loss statement to qualify income rather than traditional tax returns. By evaluating gross revenue minus operational expenses to determine a monthly average, this program bypasses heavy tax deductions that might otherwise lower your borrowing power. While it offers a simpler documentation process than bank statement loans, it typically requires a professional certification from a CPA or bookkeeper, a 10–20% down payment, and a solid credit profile to account for the alternative documentation style.