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San Juan Capistrano draws business owners, consultants, and self-employed professionals who can't show a W-2. A P&L loan is built exactly for that borrower.
Most conventional loans reject strong earners because tax returns show low taxable income. A P&L loan uses your actual business performance instead.
680+
Min Credit Score
CPA-Signed P&L
Income Doc
10–20%
Down Payment
12 or 24 Months
P&L Window
Profit & Loss Statement Loans in San Juan Capistrano
Your CPA prepares a 12- or 24-month P&L statement. That document becomes your income verification — full stop.
Most lenders want a 680+ credit score and 10–20% down. The P&L must be signed and dated by a licensed CPA, not self-prepared.
Local decision guide
Use this guide to connect profit & loss statement loans eligibility, lender expectations, and local market factors before comparing payment options in San Juan Capistrano.
San Juan Capistrano draws business owners, consultants, and self-employed professionals who can't show a W-2. A P&L loan is built exactly for that borrower.
Most conventional loans reject strong earners because tax returns show low taxable income. A P&L loan uses your actual business performance instead.
Your CPA prepares a 12- or 24-month P&L statement. That document becomes your income verification — full stop.
Big retail banks don't offer P&L loans. This is a wholesale non-QM product. You need a broker with access to non-QM lenders.
Rates on P&L loans run higher than conventional. That's the cost of flexibility. Rates vary by borrower profile and market conditions.
The most common mistake: borrowers bring a P&L prepared by a bookkeeper, not a CPA. Lenders reject those every time.
If your business had a down year, a 24-month P&L can hurt you. A 12-month P&L may show stronger recent income. Pick the window that reflects your business accurately.
Bank statement loans use 12–24 months of deposits to calculate income. P&L loans use your stated net income from the CPA document. P&L qualification is often simpler if your books are clean.
1099 loans work for independent contractors with consistent 1099 income. If you run an LLC or S-corp and write off heavily, P&L is usually the better path.
San Juan Capistrano has a strong base of small business owners — equestrian professionals, boutique retail, and independent contractors in the trades.
Orange County property values mean loan amounts often run high. P&L loans can accommodate larger loan sizes depending on the lender, which matters here.
Yes. Lenders require a licensed CPA to sign and date the statement. Self-prepared or bookkeeper P&Ls are rejected.
Yes. P&L loans work for primary residences, second homes, and investment properties.
Most P&L lenders want 680 or above. Some go lower with more down payment and strong business income.
Lenders typically use your net income from the P&L, sometimes with an expense add-back. Each lender's method varies slightly.
Yes. Expect a higher rate and sometimes higher fees. Rates vary by borrower profile and market conditions.
Some lenders ask for 2–3 months of business bank statements to verify the P&L is reasonable. Not all require it.