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Calexico sits on the US-Mexico border. Cross-border commerce drives a lot of self-employment here.
Many local business owners can't document income the way a W-2 earner can. A P&L loan solves that.
680+
Min Credit Score
CPA P&L Statement
Income Doc
10-20%
Down Payment
12 or 24 Months
P&L Period
Profit & Loss Statement Loans in Calexico
Your CPA prepares a 12- or 24-month P&L statement. That document replaces tax returns as income proof.
Most lenders want a 680+ credit score and 10-20% down. Stronger credit means better rate options.
Local decision guide
Use this guide to connect profit & loss statement loans eligibility, lender expectations, and local market factors before comparing payment options in Calexico.
Calexico sits on the US-Mexico border. Cross-border commerce drives a lot of self-employment here.
Many local business owners can't document income the way a W-2 earner can. A P&L loan solves that.
Your CPA prepares a 12- or 24-month P&L statement. That document replaces tax returns as income proof.
P&L loans are non-QM products. Your local bank almost certainly won't offer one.
We access 200+ wholesale lenders. Several specialize in non-QM programs for self-employed borrowers.
The P&L has to be prepared by a licensed CPA. A bookkeeper or an Excel sheet won't cut it.
Lenders cross-check the P&L against bank statements. Keep those numbers consistent or expect delays.
Bank Statement Loans use 12-24 months of deposits to calculate income. P&L loans use your CPA's figures.
If your deposits run high but expenses are messy, the P&L approach often shows stronger qualifying income.
Calexico has a large population of small business owners tied to import, retail, and logistics.
Many earn real income but write off heavily on taxes. That's exactly who P&L loans are designed for.
Yes. Lenders require a CPA-prepared and signed P&L statement. A bookkeeper's report won't be accepted.
Some lenders accept 12 months. Two years gets you more lender options and usually a better rate.
Lenders use net income shown on the P&L. Some allow add-backs for depreciation and certain expenses.
Most lenders want at least 680. Higher scores open more lender options and lower rates. Rates vary by borrower profile and market conditions.
Both skip tax returns. P&L loans use your CPA's income figures. Bank Statement Loans use your actual deposits.
Yes, though terms differ. For rental properties, a DSCR loan may be a stronger fit depending on your situation.