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Fontana has a dense population of business owners, contractors, and truckers. Many earn strong incomes but can't show it on a tax return.
A P&L loan uses a CPA-prepared profit and loss statement to verify income. No W-2s. No tax returns required.
660 typical
Min Credit Score
10-20% min
Down Payment
12 or 24 months
P&L Period
No
Tax Returns Required
Yes
CPA Signature Required
Your CPA prepares a 12- or 24-month P&L statement. Lenders use that to calculate your qualifying income.
Expect to need at least 10-20% down. Credit score requirements vary, but most lenders want 660 or above.
P&L loans are non-QM products. Most banks don't offer them. You need a broker with access to wholesale non-QM lenders.
SRK CAPITAL works with 200+ wholesale lenders. Several specialize in P&L and self-employed programs for Inland Empire borrowers.
The biggest mistake self-employed borrowers make: using a P&L that doesn't match their bank statements. Lenders cross-check both.
Work with your CPA before applying. A well-prepared P&L that reflects actual deposits moves through underwriting much faster.
Bank statement loans average 12-24 months of deposits. P&L loans are simpler — one document from your CPA does the work.
If your deposits are messy or mixed with business expenses, a P&L loan often qualifies you at a higher income figure.
Fontana has a large trucking, logistics, and construction workforce. Many are sole proprietors or LLC owners — exactly who P&L loans serve.
San Bernardino County home prices are more accessible than coastal markets. That means your P&L income can stretch further here.
A licensed CPA must prepare and sign it. Lenders won't accept self-prepared P&Ls.
Yes. Many lenders allow LLC ownership. Your CPA should prepare the P&L under the business entity.
Lenders take your net profit from the P&L and use that to calculate monthly qualifying income.
Yes. Non-QM loans carry more lender risk, so rates run higher. Rates vary by borrower profile and market conditions.
No. That's the point. The CPA-prepared P&L replaces tax return income verification entirely.
A net loss disqualifies you on this program. You need positive net income to have a qualifying income figure.
Profit & Loss Statement Loans in Fontana