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Why iFinance Florida Is the Expert Choice for P&L-Based Lending
Self-employed borrowers deserve mortgage options that reflect how they actually earn and report income. At iFinance Florida, we help business owners qualify for home financing using their Profit & Loss (P&L) statements instead of tax returns. If you have strong revenue but significant write-offs, our tailored P&L loan programs can bridge the gap—offering simplicity, flexibility, and strategic advantage.

What Is a P&L Loan?
A Profit & Loss loan is a type of non-QM mortgage where income is calculated using a borrower-prepared or CPA-prepared P&L statement, usually covering the last 12 to 24 months. Lenders use this document—rather than W-2s, pay stubs, or full tax returns—to assess eligibility. These loans are ideal for self-employed borrowers who may not show enough income on paper due to tax deductions but are financially strong.

Who Qualifies for a P&L Loan?
P&L loans are available to self-employed individuals with at least two years in business and a verifiable track record of steady income. Borrowers typically need a credit score of 620+ and must provide a P&L statement (prepared by themselves or a licensed accountant), a business license or proof of incorporation, and business bank statements to support the reported figures.

Why Choose a P&L Loan?
These loans offer a streamlined alternative to bank statement loans or full-doc mortgages. They often come with faster underwriting, flexible qualification criteria, and the ability to finance primary homes, second homes, or investment properties. P&L loans allow you to present your income on your terms—especially helpful for seasonal businesses or cash-heavy operations.

Your Business. Your Numbers. Our Strategy.
At iFinance Florida, we work closely with you and your accountant (if needed) to ensure your P&L accurately supports your mortgage goals. Our experience with non-QM underwriting ensures your loan is structured for approval—not delay. We make sure your business success translates into buying power.

Let your numbers speak for themselves.
Schedule your free consultation today to see if a P&L-based mortgage is the right fit for your business and your home goals.

Key Features and Benefits:

  • Flexible Repayment Structure: Repayment terms are based on a percentage of profits, ensuring adaptability to the borrower’s business performance.
  • Shared Risk: Lenders share the risk by tying repayment to profits, creating a vested interest in the success of the borrower’s business.
  • Reduced Fixed Costs: Enjoy lower fixed payments during slower revenue periods, alleviating financial strain during leaner times.
  • Performance-Driven Terms: Loan conditions reflect business performance, incentivizing borrowers to enhance profitability for more favorable repayment options.

At iFinance Florida, we understand the unique challenges faced by self-employed individuals and small business owners. Let us help you unlock the potential of your business with a P&L Loan designed to support your growth and success.

 

Get Started Today!