P&L Only
Insights and guidance on P&L-only loan programs for self-employed borrowers who qualify using profit and loss statements instead of traditional tax returns. Explore underwriting considerations, documentation requirements, and broker strategies for structuring P&L-based financing solutions.
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1099 vs Bank Statement vs Profit and Loss Loans
Self-employed borrowers don’t usually struggle because of credit - they struggle because their income doesn’t fit traditional documentation rules. This guide compares 1099 loans, bank statement loans, and P&L loans, explaining how each option verifies income, when it makes the most sense, and how brokers can structure cleaner, smoother non-QM approvals.
