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Angels Camp attracts business owners, contractors, and freelancers who don't fit conventional income boxes. A P&L loan lets your CPA-prepared statement do the talking.
Calaveras County has a strong independent workforce. P&L loans exist specifically for borrowers whose tax returns understate real income.
680+
Min Credit Score
CPA-Signed P&L
Income Doc
10–20%
Down Payment
2 Years Typical
Self-Employment
Profit & Loss Statement Loans in Angels Camp
Your CPA prepares a 12- or 24-month P&L statement. Lenders use that income figure — not your Schedule C — to qualify you.
Most lenders want a 680+ credit score and 10-20% down. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect profit & loss statement loans eligibility, lender expectations, and local market factors before comparing payment options in Angels Camp.
Angels Camp attracts business owners, contractors, and freelancers who don't fit conventional income boxes. A P&L loan lets your CPA-prepared statement do the talking.
Calaveras County has a strong independent workforce. P&L loans exist specifically for borrowers whose tax returns understate real income.
Your CPA prepares a 12- or 24-month P&L statement. Lenders use that income figure — not your Schedule C — to qualify you.
Big banks don't offer P&L loans. This is a non-QM product, meaning it lives in the wholesale lending space.
SRK CAPITAL works with 200+ wholesale lenders. We find the ones actively pricing P&L deals — not just listing it on a rate sheet.
The P&L has to look clean. Lenders flag large month-to-month swings or expenses that don't match the business type.
Get your CPA involved early. A well-structured P&L prepared before you apply moves deals faster and avoids underwriting delays.
Bank statement loans use 12-24 months of deposits instead of a P&L. Some borrowers qualify better one way versus the other.
1099 loans work well for independent contractors with clean 1099 income. P&L loans work better when income comes from multiple sources.
Angels Camp has a mix of tourism, trades, and small retail businesses. These owners often show minimal taxable income despite solid cash flow.
Rural Calaveras County means fewer local lenders who know non-QM. Working with a broker who shops wholesale lenders is the practical move here.
It must be CPA-prepared and signed. Self-prepared statements are rejected by every wholesale lender we work with.
Yes. P&L loans are available statewide in California, including Angels Camp and the surrounding Calaveras County area.
Most lenders require two years of self-employment history. Some will consider 12 months with strong financials.
A 24-month P&L gives lenders more history and often results in better terms. Use 12-month when recent income is significantly higher.
Yes, typically. Non-QM pricing reflects higher lender risk. Rates vary by borrower profile and market conditions.