Qualify without tax returns or W-2s. With a P&L loan, we look at a profit and loss statement, usually prepared by your CPA or tax preparer, to see how money actually comes into your business.
Your business, on one page
Money coming into the business
What it costs to run it
What the business really earns
Both P&L loans and bank statement loans let self-employed borrowers qualify without tax returns or W-2s. We look at how money actually comes into the business instead. With a P&L loan, that picture comes from one statement.
The money your business brings in.
What it costs to run your business.
What’s left. This is the income we look at to see if you qualify.
Your practice may already have a clean P&L from your CPA or tax preparer. A P&L loan lets that statement do the talking, so write-offs on your tax return don’t hold you back.
Less paperwork for owners who already keep a clean P&L.
Both let self-employed borrowers qualify without tax returns or W-2s. The difference is how we check your income.
12 or 24 months of bank statements (personal or business)
Owners with steady deposits but big write-offs
Rates are a bit higher than regular loans. What you get is a real path to approval when your tax return doesn’t show what you really earn.
If your tax returns don’t show what you really earn, these loans are built for you.
You work for yourself. Your mortgage should work for you.
We want LA’s self-employed people to come to us when they want to buy or refinance a home. Working with a CPA or tax preparer? We’re happy to work alongside them.
Or email justin@druianmortgageloans.com
Druian Mortgage & Loans, Inc. · 3717 E. Thousand Oaks Blvd, Suite #155, Westlake Village, CA 91362 · (805) 870-8878
Information shown is for general reference and may vary by borrower qualifications and program terms. This is not a commitment to lend. Rates on P&L loans may be higher than on conventional loans. Contact us for full loan details and eligibility requirements. Druian Mortgage & Loans, Inc. is a licensed Real Estate Broker under the California Department of Real Estate (DRE), License #02215218, and a registered Mortgage Loan Originator with NMLS #2509899. Equal Housing Opportunity.
