Profit & Loss Program

What Is a Profit & Loss Loan?

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A Profit & Loss (P&L) loan is a non‑QM mortgage that allows self‑employed borrowers to qualify using a CPA‑prepared or tax‑preparer‑prepared profit and loss statement, instead of tax returns, W‑2s, or bank statements.

California lenders describe these loans as ideal for business owners, entrepreneurs, and self‑employed professionals whose taxable income doesn’t accurately reflect their real business performance.

Basic Requirements?

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• A 12‑ or 24‑month P&L statement prepared by a CPA or licensed tax preparer

• Sometimes a balance sheet (varies by lender)

• Business licensing or entity documentation

• A CA licensed tax preparer letter verification that the business is active over 2 years and stable

Why Work With Selective Lending?

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Selective By Name, Exceptional By Choice-Personalized Lending That Puts You First
22+ Years of Lending Experience
Dedicated Trained Team
Fast Response Times
Flexible Structuring for First Time Borrowers or Investors
Direct Communication From Application to Closing

Various circumstances may affect loan qualification. All loan terms and information are subject to change without notice.

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