Bank statement loans work for almost any self employed job, but lenders read each business a little differently. A restaurant has high costs. A consultant has low costs. A trucker gets paid by loads. A real estate agent gets lumpy commission checks. Pick your job below to see how lenders look at your statements.
Pick your job
Real estate agents
Commission checks arrive when deals close, so deposits are lumpy.
Real estate agentsTruck drivers and owner operators
Owner operators are paid per load by a carrier, a broker or a factoring company.
Truck drivers and owner operatorsGeneral contractors and builders
Contractors get paid in draws and progress payments, often large checks tied to stages of a job.
General contractors and buildersElectricians, plumbers and HVAC techs
Trade businesses get paid by homeowners, builders and property managers, often by card or check.
Electricians, plumbers and HVAC techsLandscapers and lawn care companies
Lawn care brings steady monthly route income from residential and commercial accounts.
Landscapers and lawn care companiesPool service and repair companies
Pool routes are steady monthly income, usually paid by autopay or card.
Pool service and repair companiesCleaning business owners
Residential and vacation rental cleaning pays by the job or by contract, often through card apps or direct transfer from property managers..
Cleaning business ownersRestaurant owners
Restaurants take in card batches every day, plus delivery app deposits.
Restaurant ownersFood truck owners
Food trucks earn through card sales at events, catering deposits and festival contracts.
Food truck ownersHair stylists, barbers and salon owners
Stylists get paid by clients through card apps and booking platforms, or rent a chair or suite and keep their own sales.
Hair stylists, barbers and salon ownersRideshare and delivery drivers
Rideshare and delivery apps pay weekly or daily straight into your account.
Rideshare and delivery driversDoctors and dentists in private practice
Practices are paid by insurance companies, patients and sometimes hospitals.
Doctors and dentists in private practiceTherapists and counselors in private practice
Private practices are paid by clients and insurance companies, often through a billing service.
Therapists and counselors in private practiceAttorneys in solo or small practice
Attorneys are paid by clients, often by retainer, and sometimes through large settlement fees.
Attorneys in solo or small practiceInsurance agents
Agents earn new business commissions and renewal commissions from carriers.
Insurance agentsConsultants and coaches
Consultants are paid by clients on invoices or retainers.
Consultants and coachesSoftware developers and IT contractors
Developers and IT contractors are paid by clients, staffing firms or freelance platforms, often monthly or by project..
Software developers and IT contractorsPhotographers and videographers
Creative work is paid by the project, with deposits when you book and balances after delivery.
Photographers and videographersOnline sellers and e-commerce business owners
Online stores are paid by marketplaces and payment processors in regular payouts.
Online sellers and e-commerce business ownersPersonal trainers and fitness coaches
Trainers are paid by clients directly, through booking apps or by gyms.
Personal trainers and fitness coachesPerformers, musicians and entertainers
Central Florida has a big entertainment industry.
Performers, musicians and entertainersEvent and wedding vendors
Planners, florists, DJs and caterers are paid with deposits at booking and balances near the event date.
Event and wedding vendorsAuto repair shop owners
Shops are paid by customers, fleets and insurance companies.
Auto repair shop ownersProperty managers and vacation rental managers
Managers earn a share of rent or booking revenue plus fees.
Property managers and vacation rental managersChild care center and in home daycare owners
Daycares are paid weekly or monthly by families, and sometimes by state programs that help pay for care..
Child care center and in home daycare ownersWhy your job matters
Every lender starts by averaging your deposits, then takes out an expense factor for your costs. Most start at 50%. If your real costs are lower, a CPA or enrolled agent letter can raise your income figure. If your costs are higher, the 50% default can work in your favor. See expense factors.
Don't see your job? The rules are the same. Send me your situation and I will tell you how lenders will read it.
Back to no tax return loans ยท bank statement loan requirements
Common questions
Which jobs can use a bank statement loan?
Almost any self employed job with about two years of history, from trades and restaurants to doctors, consultants and online sellers.
Does my job change the expense factor?
Lenders start at 50% for most businesses. Low cost businesses can show a lower number with a CPA or enrolled agent letter.