\nTax Returns<\/strong>
You don\u2019t need to provide 1 or 2 years of federal tax returns (1040s), which are typically required for income verification on traditional loans.<\/p>\n<\/li>\n\nW-2 Forms<\/strong>
These loans do not require W-2s since borrowers aren\u2019t salaried employees.<\/p>\n<\/li>\n\nPaystubs<\/strong>
You won\u2019t need to submit paystubs from an employer, as income is verified via deposits.<\/p>\n<\/li>\n\nTraditional Employment Verification<\/strong>
No need for a written Verification of Employment (VOE) from a company HR department.<\/p>\n<\/li>\n\nDebt-to-Income (DTI) Ratio Calculation<\/strong> (in some cases)
Many bank statement lenders use bank deposits<\/strong> as a proxy for income and may not calculate a formal DTI.<\/p>\n<\/li>\n\nPersonal Bank Statements<\/strong> (if using business bank statements only)<\/em>
If you choose to use business statements<\/strong>, some lenders allow you to avoid submitting personal ones (and vice versa, depending on the structure).<\/p>\n<\/li>\n\nFull Documentation of All Business Expenses<\/strong>
While expenses may be factored in as a percentage (usually 50%), borrowers don\u2019t have to show itemized profit-and-loss statements unless specifically requested.<\/p>\n<\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t