P&L Statement Loans

Qualify with a CPA-prepared profit and loss statement instead of tax returns. For self-employed borrowers with strong current-year income.

Key Features

• CPA-prepared profit and loss statement (12 or 24 months)
• No tax returns required
• CPA must sign and attest to P&L accuracy
• Business must be 2+ years established
• Loan amounts up to $3 million
• Available for primary, second home, and investment
• Some lenders also require 2 months bank statements for P&L verification

Who Is This For?

• Self-employed borrowers who prefer P&L over bank statements
• Business owners with strong current income but weak prior-year taxes
• Borrowers whose CPA can verify income more easily than bank analysis

Florida-Specific Considerations

• Florida’s large self-employed population (gig economy, tourism, real estate)
• Simpler documentation than bank statement loans for many FL borrowers
• Works well for seasonal Florida businesses with strong recent P&L