SELF EMPLOYED
P & L Loans
Show what your business earns and spends.
P & L means profit and loss. It is a report of the money your business makes and the money it spends. This loan may use that report to help show your income.
- For people who own a business
- Uses a report of business income and costs
- Can help when tax returns do not show the full picture
Good to know
Some lenders require an accountant to prepare the report. They may also ask for bank statements or other records.
What should I have ready?
Your business income and cost report, if you have one.
Loan options depend on your state, property, and lender rules. Credit, documents, and approval are required.