Our P&L Only Loan Program is designed specifically for self-employed individuals and business owners who are seeking a streamlined loan application process. This program enables you to qualify for a loan based solely on your Profit and Loss (P&L) statements, eliminating the need for traditional bank statements and CPA attestations.

Program features

  • No Bank Statements Required

  • No CPA Attestation Required

  • Professional Assistance Available

Why choose our P&L Only program?

  • Efficient Application Process

  • Tailored for Self-Employed Professionals

  • Access Expert Financial Guidance

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Created: 10-31-2024
Updated: 10-31-2024
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PLEASE NOTE: We regularly update our program information to ensure accuracy. However, program details may change rapidly. For the most current and precise information, please contact us using the form on this page, via our Contact Us page, or by phone at (800) 919-1086

Program details

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Program details

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  • We remove the burden of providing bank statements. Your P&L statements are sufficient for evaluating your loan application.

  • You are not required to provide CPA-attested tax returns. Our process simplifies your application by trusting the financial information you provide.

  • CPA attestation is not necessary, your application can be supported by a CPA, Enrolled Agent (EA), or a CTEC certified professional who can verify the accuracy of your financial statements.

  • By focusing on your P&L statements, we streamline the documentation process, making it quicker and more straightforward.

  • Understanding the unique financial scenarios of self-employed individuals, our program is crafted to meet your specific needs and challenges.

  • Gain the advantage of expert financial guidance. Our team of professionals is available to assist in ensuring your financial documentation is complete and accurate.

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P&L Only Program FAQ

What is the P&L Only Loan Program?

The P&L Only Loan Program by Greenbox Loans is designed specifically for self-employed individuals and business owners. It allows you to qualify for a loan based solely on your Profit and Loss (P&L) statements, without the need for traditional bank statements or CPA-attested tax returns.

This program is ideal for self-employed professionals and business owners who can provide detailed and accurate P&L statements. It is tailored to those who prefer a simplified documentation process for loan applications.

The primary documentation required is your Profit and Loss statement for the relevant periods. While CPA attestation is not required, having your documents prepared or reviewed by a CPA, EA, or CTEC professional can enhance the credibility of your application.

The main requirement is to provide a comprehensive P&L statement that reflects your business’s profitability and cash flow. Specific income thresholds or profitability criteria may vary, so we recommend contacting our loan specialists for detailed requirements.

The approval timeline can vary, but our streamlined process is designed to expedite your application. Since fewer documents are required, we can often process applications quicker than traditional loans. For specific timelines, please reach out to our loan specialists.

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