Profit & Loss Loan
Your accountant prepares a profit and loss, and that income qualifies you
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Reviewed personally by Arran Amorozo · NMLS #1491497 · West Capital Lending
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A Profit & Loss loan qualifies you on a P&L statement prepared by your CPA or licensed tax preparer instead of tax returns or bank statements. Built for business owners whose tax returns understate their real income after deductions.
Run the NumbersKey Advantages
Why Choose a P&L Loan?
Here's what sets this loan product apart and who it works best for.
One Document Income File
A CPA- or licensed-preparer-prepared P&L covering your recent business period stands in for tax returns, W-2s, and pay stubs.
Write-Offs Don't Work Against You
Qualification looks at the business profit your P&L shows, not the taxable income left after aggressive deductions.
Faster Documentation
One prepared statement instead of two years of returns means less paperwork to gather and a simpler underwrite.
Flexible Property Types
Available for primary residences, second homes, and investment properties.
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Eligibility
Qualification Requirements
General guidelines for Profit & Loss Loan eligibility. Requirements vary by lender and scenario.
| Requirement | Guideline |
|---|---|
| Income Documentation | P&L prepared by a CPA or licensed tax preparer |
| Self-Employment | Established business ownership (typically 2+ years) |
| Qualification Basis | Business profit shown on the P&L |
| Property Types | Primary, second home, investment |
These are general guidelines only. Specific program requirements may vary. Contact us for a personalized review of your scenario.
FAQ
Frequently Asked Questions
Common questions about Profit & Loss Loan loans.
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West Capital Lending, Inc. is an Equal Housing Lender. We do not discriminate on the basis of race, color, religion, national origin, sex, handicap, or familial status.
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