Reviewed by Ahoo Khalessi, Division Manager & Loan Officer, NMLS #2239510 · Last updated June 2026
What is a P&L loan?
It's a mortgage that uses a profit & loss statement (often CPA-prepared) to document your business income, rather than tax returns. It suits established business owners with steady, demonstrable profit.
P&L loan vs. bank statement loan
A P&L loan relies on your profit & loss statement; a bank statement loan relies on your actual deposits. Some borrowers qualify more favorably one way than the other — we run both.
Who it's for
Self-employed borrowers and business owners, often with a CPA who can prepare or attest to the P&L. Works for purchase or refinance.
Why CTC Equity
We know which lenders accept P&L-only documentation and how to package the file for approval, across 160+ lenders nationwide.
Common questions
What is a P&L loan?+
A mortgage that qualifies you using a profit & loss statement for your business instead of tax returns.
How is it different from a bank statement loan?+
A P&L loan uses your profit & loss statement; a bank statement loan uses your bank deposits. We compare both for you.
Do I need a CPA?+
Many P&L programs prefer a CPA-prepared or CPA-attested statement, though requirements vary by lender.
Can I use a P&L loan to buy or refinance?+
Yes, both purchase and refinance are available.
Related
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