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Artesia has a dense concentration of small business owners. Many run retail shops, restaurants, and import businesses along Pioneer Boulevard.
Standard loans reject these borrowers fast. Tax returns show too little income after write-offs. A P&L loan fixes that problem.
680+
Min Credit Score
CPA-Signed P&L
Income Doc
10-20%
Down Payment
12 or 24 Months
P&L Period
3-6 Months
Reserves Required
Profit & Loss Statement Loans in Artesia
You need a CPA-prepared P&L statement — typically covering 12 or 24 months. Your accountant signs it. The lender uses it to verify income.
Most lenders want a 680+ credit score and 10-20% down. Reserves matter too. Expect lenders to ask for 3-6 months of liquid assets.
Big banks don't offer P&L loans. This product lives in the non-QM wholesale market. You need a broker with access to those lenders.
Rates run higher than conventional. That's the trade-off for skipping tax return documentation. Rates vary by borrower profile and market conditions.
The CPA relationship is critical. A sloppy or unsigned P&L gets killed at underwriting. Make sure your accountant knows what format lenders expect.
I see deals fall apart when borrowers mix personal and business finances. Clean books close faster. Start separating accounts before you apply.
Bank Statement Loans use 12-24 months of deposits instead of a P&L. They work better when your revenue is high but your books are informal.
If you have rental properties, a DSCR Loan qualifies on rent income — not your personal income at all. That's worth considering for investors.
Many Artesia business owners operate in cash-heavy industries. That makes tax returns look thin. A P&L captures true business performance better.
Los Angeles County has a large non-QM lender base. As of April 2026, we have access to 200+ wholesale lenders offering these programs.
A licensed CPA must prepare and sign it. Self-prepared statements are rejected by lenders.
Most lenders require 12 or 24 months. Longer history strengthens your file.
Yes. P&L loans work for purchases and refinances in Artesia and all of LA County.
Yes. Most non-QM lenders want 680 or above. Lower scores mean higher rates or denial.
A P&L uses your CPA's income summary. Bank statement loans use your actual deposit history instead.
Yes, typically. Non-QM pricing reflects added risk. Rates vary by borrower profile and market conditions.