A closer look at business earnings.
Profit and Loss (P&L) Loans in Los Angeles
Profit and loss loans give eligible Los Angeles self-employed borrowers an income-documentation option built around business earnings. A lender reviews a profit and loss statement and any supporting records required by its program.
The Funding ClinicMailing address: 5665 W. Wilshire Blvd #1506, Los Angeles, CA 90036(844) 524-3863 · Mon–Fri 9:00 AM–5:00 PM
01 / Understand the loan
What Are Profit and Loss Loans?
A business statement is the start of the review.
A profit and loss statement summarizes business revenue and expenses for a period. Some mortgage programs use this statement as part of income qualification for eligible self-employed borrowers.
P&L loan requirements vary by lender, including who prepares the statement, the period covered, and any records needed to support it. We help you understand those requirements before you assemble the application.
02 / See how it fits
Who This Is For
- Self-employed owners and business owners in Los Angeles
- Investors who also run a business
- Buyers whose tax returns do not show full income
- Business owners exploring alternative income documentation
What You May Need
Requirements vary by lender and program. Common items to discuss include:
- A signed loan application with credit authorization
- A profit and loss statement for your business
- Proof that your business is active
- Photo ID and entity papers
- Proof of cash reserves and down payment
03 / Your local investment
Serving Los Angeles and Nearby Cities
If your business supports a Los Angeles property purchase, tell us how long it has operated and what financial records are available. That helps us discuss a P&L option alongside bank statement financing rather than assuming one document fits every application.
- Los Angeles
- Inglewood
- Culver City
- Beverly Hills
- West Hollywood
- Santa Monica
- Glendale
- Burbank
- Pasadena
- East Los Angeles
- Hawthorne
- Compton
- Alhambra
04 / A little clarity
Questions We Hear a Lot
What is a P&L loan?
A P&L loan is a mortgage program that uses a business profit and loss statement as part of its income review. Eligibility and supporting documentation are determined by the lender.
Who prepares the profit and loss statement?
The lender specifies who may prepare it and what verification is needed. Some programs may require a qualified tax or accounting professional, so confirm the requirements before ordering documents.
How is a P&L loan different from a bank statement loan?
A P&L program evaluates a statement of business revenue and expenses. A bank statement program evaluates eligible deposits using the lender’s income calculation. Supporting records and eligibility vary for both.
Can I use this for an investment property?
Some lending partners offer investment-property options using a P&L review. Property use, business documentation, credit, and required funds still need to meet the program’s rules.
05 / Explore your options
Related Loan Options
Know Who You’re Working With
The Funding Clinic is a mortgage broker. We arrange loans funded by third-party lenders. View our BBB business profile to learn more about our company. Read our Google reviews
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The Funding ClinicMailing address: 5665 W. Wilshire Blvd #1506, Los Angeles, CA 90036(844) 524-3863 · Mon–Fri 9:00 AM–5:00 PM