Profit & Loss Statement (P&L) Loans: Financing for Business Owners

For business owners and self-employed individuals, securing a mortgage can be challenging, especially when traditional income documentation doesn't fully capture their financial situation. Profit & Loss Statement (P&L) loans, also known as bank statement loans or business statement loans, offer a practical solution by considering business income when assessing mortgage eligibility. In this blog post, we'll dive into P&L loans, what they are, how they work, and why they're a valuable tool for entrepreneurs and self-employed borrowers.