Lending Lakesnon-QM & investor lending

📊 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
I own four businesses. My tax return is 140 pages. Underwriters visibly age when I send it.
Let’s spare everyone. A P&L-only program condenses that into one CPA-prepared statement. Your accountant does what they already do; the underwriter reads one document instead of fourteen.

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.

Not sure if P&L-only loans fit your deal?

That’s literally what the team is for. One text, all your options side by side, zero pressure to move forward.