A Self-Employed Profit & Loss Loan is a Loan Product designed for self-employed individuals who want an easier loan process and less-stringent document requirements. As opposed to tax returns or 12+ months of bank statements, this program only requires a profit & loss statement to use as qualifying income. This statement must be prepared by a CPA or licensed tax preparer or a self-prepared profit and loss statement and be used with 3 months of corresponding bank statements to support the documented income. This program allows a borrower to show their business’ profitability even if their tax returns and bank statements do not reflect this information.