Loan company that works with business owners without traditional w2 income.

[Robert Jones]

I jus went the rounds with a loan company that maybe I should not of.  They asked me for my tax return but never looked at the s corp where all my income is.  Told me that I could not get a loan because I lost money.  Well I did lose money on paper with the llc but if they would of looked further they would of seen income of over 200k that I paid taxes on.  This was just red flag number 3.  I have great credit.  I have income from investments, income form 2 business but not much in w2 income.  So, my simple question is for a recommendation for a company that works with investors and business owners and knows to look at all the tax returns not just one of them. Thanks!

[Patrick Roberts]

For traditional loans, if you have an S Corp, the lender should have reviewed your 1120S and K1 in addition to your 1040. Any business in which you own 25% or more is going to be pulled into the analysis. In the vast majority of cases, business returns will be reviewed. 

If a proper cashflow analysis is keeping you from a getting a loan but you have good cashflow, then look into bank statement loans. This is the primary purpose of these - to finance good-credit quality borrowers whose only issue is taxable income. If you have at least 10% down, strong cashflow, and credit over 700, this will likely solve your problem.

I dont lend in WA, but Im sure there are several lenders on here that can handle this for you.