Let your accountant's numbers speak for your income.
A P&L statement loan lets you qualify using a CPA or accountant-prepared profit and loss statement instead of full tax returns or months of bank statements - a Non-QM option built for self-employed business owners.
- CPA/Accountant-Prepared P&L
- No Full Tax Return Required*
- Built for Business Owners
- Purchase, Refi & Cash-Out
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What a P&L statement loan offers business owners
One document does the work
A CPA or accountant-prepared profit and loss statement can stand in for full tax returns or bank statement averaging.
Reflects your real business income
A prepared P&L can better represent income that write-offs and deductions make look smaller on paper.
Works alongside bank statements
Some programs pair a P&L with a shorter bank statement look-back for extra verification, when helpful.
Purchase, refi & cash-out
Available whether you're buying, refinancing, or pulling cash out of an existing property.
Not sure if a P&L statement fits your business?
Who uses a P&L statement loan
Business Owners With an Accountant
You already work with a CPA or tax preparer who can put together a current P&L.
Heavy Deduction Filers
Business write-offs that lower taxable income on paper without reflecting your actual cash flow.
Recently Profitable Businesses
A business that's turned the corner and can show it clearly in a current P&L, even without a long track record.
From application to closing
Connect with your CPA
Your accountant or tax preparer puts together a current profit and loss statement.
Submit your P&L
We review it alongside your business details to determine qualifying income.
Get pre-qualified
A clear answer on your rate and terms based on your documented income.
Close on your terms
Purchase, refinance, or cash-out - close with documentation that fits how your business actually runs.
Your tax return shows deductions. Your P&L shows your business.
Smart tax planning can make a thriving business look smaller on a 1040 than it really is. A CPA-prepared profit and loss statement gives underwriting a clearer, more current picture of what your business actually earns.
P&L statement loan questions, answered
What is a P&L statement loan?+
A P&L statement loan is a Non-QM mortgage that may allow self-employed borrowers to qualify using a CPA or accountant-prepared profit and loss statement instead of full tax returns or months of bank statements.
Do I still need tax returns for a P&L statement loan?+
In many cases, full tax returns aren't required - the P&L statement, prepared and signed by a licensed CPA or tax preparer, stands in for that documentation. Requirements can vary by program, so a Coltrain loan officer will confirm exactly what's needed for your file.
How is a P&L statement loan different from a bank statement loan?+
A bank statement loan uses deposits across personal or business bank statements to establish income. A P&L statement loan instead relies on a CPA-prepared summary of revenue and expenses. Some borrowers qualify more easily with one over the other, depending on how their business finances are structured. See bank statement loans →
Who qualifies for a P&L statement loan?+
Self-employed business owners who work with a CPA or professional tax preparer, and whose bank statements alone don't fully reflect their true income, are the most common fit.
More Non-QM programs
Ready to put your P&L to work?
No pressure, no obligation - just a clear answer from a local loan officer.