P&L only loans
Your P&L is the whole loan file.
Qualify from the profit and loss your accountant already keeps: zero bank statements on standalone programs, up to 90% LTV, and your real margins instead of a generic haircut.
Program snapshot
P&L only at a glance
- Qualifies on
- your P&L, not tax returns
- Bank statements
- 0 to 2 months, most tiers
- Leverage
- up to 90% LTV
- Loan amounts
- to $3M-$5M+
- IRS transcripts
- waived, no 4506-C
Program menus from specialty wholesale lenders. Terms vary by tier and program and change without notice. Not an offer or approval.
The cleanest file in self-employed lending.
We broker dozens of wholesale lenders, including the specialty shops that treat your accountant's work as the document of record.
0
bank statements required
The one-document loan
True standalone P&L programs qualify you on a 12- or 24-month profit and loss alone, prepared and signed by an independent CPA, EA, or CTP. No deposit-by-deposit interrogation of your accounts.
- No line-by-line bank statement review
- No fights over large one-off deposits or transfers
- Preparer's license verified, and that's the diligence
90%
max LTV, no tax returns
Full leverage, zero returns
Top tiers reach 85 to 90% LTV on primary residences for prime credit, with no tax returns, no W-2s, and the IRS transcript form waived entirely.
- As little as 10% down at the top tier
- Typically 700+ credit for max leverage
- No 4506-C, so no transcript surprises
15%
expense factor, if that's your reality
Your margins, not a haircut
Bank statement programs force a default 40 to 50% expense factor on your deposits. P&L programs use the exact expense ratio your accountant documents, which changes everything for lean businesses.
- Agents, consultants, brokers, attorneys win here
- A documented 15% ratio goes straight into underwriting
- Qualifying income rises to match reality
Documentation, your way
Every write-off war and deposit interrogation, skipped.
One page from your accountant
Some programs skip the full line-item P&L for a standardized CPA attestation letter: gross revenue, net margin, and the owner draw, on a single page. The lightest documentation in self-employed lending.
A sanity check, not an audit
Hybrid tiers pair the P&L with just two months of business bank statements, used only to confirm the business is active and current cash flow lines up with the statement. Two months, not twenty-four.
No CPA? Straight from your books
Select programs accept a self-prepared, unaudited P&L exported from your bookkeeping software. The trade: it pairs with twelve months of statements to cross-check revenue, or leverage caps around 75 to 80%.
New business, or a minority stake
Standard rules want two years of self-employment and half the company. Top P&L programs accept twelve months in business when you have two prior years in the same field, and ownership down to 25%.
One document in, quote out.
- 1
Send the P&L
The 12- or 24-month statement your accountant already keeps, or ask them for the one-page attestation letter.
- 2
We match the tier
Standalone, two-month verify, or self-prepared, with leverage and pricing quoted side by side across the specialty menu.
- 3
Quote in hand
Tier options laid side by side, fast.
The quick eligibility check.
- No tax returns, W-2s, or transcripts
- CPA, EA, or CTP prepared
- Self-prepared options exist
- Self-employed from 1 year
- Ownership down to 25%
- Jumbo amounts to $3M-$5M+
- Primary and second homes
Deposits tell your story better than your books? Our bank statement programs qualify on 12 months of them instead, and asset depletion can stack on top when the numbers run tight.
Straight answers
What is a P&L only loan?
A self-employed mortgage that qualifies you on your business's profit and loss statement instead of tax returns or months of bank statements. On true standalone programs, the P&L is the entire income file: no deposit reconciliation, no transcript pulls, no write-off wars.
Who has to prepare the P&L?
On standalone programs, an independent CPA, Enrolled Agent, or CTP prepares and signs it, and the lender verifies the preparer's license. Some programs accept a one-page attestation letter from your accountant instead, and a few accept a self-prepared P&L straight from your bookkeeping software with extra verification or a leverage cap.
How is this different from a bank statement loan?
Bank statement programs read your deposits and then apply a default expense factor, usually 40 to 50%, to guess at your profit. P&L programs use the actual expense ratio your accountant documents. If you run a lean service business spending 15 cents to make a dollar, that difference can nearly double your qualifying income.
Really zero bank statements?
On true standalone tiers, yes. Some programs add a light touch: two months of statements used only to confirm the business is alive and roughly tracking the P&L. Self-prepared P&Ls pair with twelve months. We quote the tiers side by side so you can price the trade.
My business is young. Do I qualify?
Possibly, and sooner than you think. Top programs accept twelve months of self-employment when you have two prior years of experience in the same line of work, and business ownership counts down to a 25% stake.
How large can the loan go?
Jumbo P&L programs run to $3 million and beyond, five million plus in select cases, using the same alternative documentation. Built for high-end primary and second-home purchases that conventional jumbo would bury in tax return conditions.
Your accountant already did the paperwork.
Two minutes to send your scenario. No tax returns, no cost, no obligation, and a quote from the whole specialty menu.
Guthix Lending • NMLS# 2672037· P&L programs are alternative-documentation loans. Preparer requirements, verification tiers, leverage, credit minimums, loan amounts, and pricing vary by program and change without notice. Figures shown reflect the most favorable available tiers; 90% LTV is limited to select programs and prime credit profiles, and self-prepared statements carry additional verification or leverage limits. Not all borrowers will qualify. This is not a commitment to lend or an offer of specific terms.