LendSure Mortgage Corp., a San Diego-headquartered non-QM wholesale lender, announced the launch of their new Profit & Loss (P&L) Loan Program.
According to the company, the P&L Loan Program is designed for business owners and self-employed investors with fluctuating seasonal income or cash businesses. The program offers two tiers of loan amounts, giving borrowers the choice to provide only P&L statements for loan amounts up to $1 million or supply two months of bank statements with P&L statements for loan amounts up to $1.5 million.
LendSure stated the program eliminates the need for a self-employment questionnaire while simplifying and speeding up the application process and making it more convenient for borrowers to secure financing.
“The rollout of our Profit & Loss Loan Program signals a major stride in streamlining the financial process for business owners,” said Joseph Lydon, co-founder and co-managing director of LendSure Mortgage Corp. “This strategic innovation reflects our commitment to providing tangible solutions, not just loans. We aim to empower business owners, redefining industry standards and facilitating their path to financial success.”
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