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San Juan Bautista sits in San Benito County — a small market where self-employed buyers are common. Many local business owners can't show tax returns that reflect their real income.
P&L loans fill that gap. A CPA prepares a profit and loss statement, and lenders use that to verify what you actually earn.
680+
Min Credit Score
20–30%
Down Payment
12–24 months
P&L History Needed
Licensed CPA
Who Prepares P&L
3–6 months
Reserves Required
Your CPA prepares a 12- or 24-month P&L. Lenders use that income figure — not your Schedule C write-downs — to qualify you.
Most lenders want a 680+ credit score and 20–30% down. Reserves matter too. Expect to show 3–6 months of liquid assets.
P&L loans are non-QM products. Your local bank almost certainly doesn't offer them. You need a broker with wholesale non-QM access.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in non-QM products for self-employed borrowers exactly like this.
The biggest mistake I see: borrowers hand over a P&L their bookkeeper made in Excel. Lenders reject it. The CPA must prepare and sign it.
Income consistency matters too. A P&L showing wildly different monthly revenue raises flags. Lenders want to see stable, believable numbers.
Bank statement loans use 12–24 months of deposits to calculate income. P&L loans use your accountant's summary. Both are non-QM. The right choice depends on how your income hits your accounts.
If you have strong deposits, bank statement loans often produce a higher qualifying income. If your books are clean and your CPA is solid, P&L loans can be faster.
San Juan Bautista has a tight inventory and a strong base of small business owners — restaurant owners, contractors, farmers, and tourism operators.
Many of these buyers write off aggressively. Their tax returns show near-zero income. A P&L loan lets the real business picture do the work.
A licensed CPA must prepare and sign it. A bookkeeper or self-prepared document won't be accepted by lenders.
Yes. P&L loans are available statewide in California. County location doesn't restrict eligibility.
Most lenders require 12 or 24 months. Longer history typically strengthens your file.
Yes. Non-QM loans carry more lender risk, so rates run higher. Rates vary by borrower profile and market conditions.
Most P&L lenders want 680 or above. Some go lower with more down payment or stronger reserves.
Some lenders allow it. A DSCR loan may be a better fit for investment properties — we can compare both options.
Profit & Loss Statement Loans in San Juan Bautista