Turn your profits into potential.
Flexible financing solutions for today’s business owners.
The financial partner you want
on your side.
Alternative Incomes
Skip the tax returns — secure funding by simply submitting P&L statements!
Fewer Docs
No self-employment questionnaire is needed, making the process easier for you.
Streamlined Process
With an accelerated approach, our transaction process saves you time and provides faster funding.
Program Highlights
Profit & Loss (P&L) Loans
- Loan amounts up to $1,000,000, no bank statements needed
- Loan amounts up to $1,500,000 with two months of business bank statements
- Loan-to-Value up to 80%, based on borrower's FICO score
- Cash-out options: up to $500,000 for Loan-to-Value up to 65%, and $350,000 for Loan-to-Value up to 75%
- Self-employment questionnaire not required
- Borrower must provide two most recent months business bank statements
Have a question?
We have the answers.
What is a Profit and Loss loan?
A profit and loss (P&L) loan is an alternative mortgage solution that examines your P&L statements to determine whether your business is financially healthy and able to repay the loan. It’s ideal for self-employed individuals who may have trouble producing W-2s, tax returns, transcripts, or bank statements to prove their fiscal ability. Instead, we simply analyze your P&L statement to qualify you for funding.
What are the requirements to qualify for a P&L loan?
- Borrower must have been self-employed in the same business for 2 years, verified by one of the following: business license, letter from tax preparer, Secretary of State filing or equivalent
- Borrower must own a minimum of 50% of the business
- P&L must have been provided by a CPA, IRS Enrolled Agent, or California Tax Education Council
How does LendSure's P&L Loan program simplify the loan qualification process for self-employed borrowers?
We streamline the process by eliminating the need for tax returns, bank statements, or other income documents, and allowing easy reviews for loan amounts up to $1,000,000 based on the business's P&L statement.
What features make the P&L Loan program particularly beneficial for business owners with fluctuating incomes or cash-based businesses?
The program accommodates fluctuating incomes by offering loan amounts up to $1,500,000 with the flexibility of using two months of business bank statements. Additionally, there is no self-employment questionnaire required, making it an ideal solution for those with seasonal income or cash businesses.
