Skip to main contentMany self-employed borrowers own multiple businesses. Bank statement lenders can work with this complexity, combining income across entities to maximize qualifying income.
How Multiple Businesses Are Handled
Lenders evaluate each business separately, then combine the results:
- Verify each business meets self-employment requirements (typically 2 years)
- Collect bank statements for each business account
- Apply appropriate expense factors to each business
- Sum the qualifying income from all sources
Example Calculation
| Business | Expense Factor | Annual Deposits | Qualifying Income |
|---|
| Consulting LLC | 25% | $200,000 | $150,000 |
| Retail store | 50% | $300,000 | $150,000 |
| Combined | | | $300,000 |
Documentation for Each Business
- 12 or 24 months of bank statements
- Business license or formation documents
- Proof of ownership percentage
- CPA letter (optional, but helpful)
Key Considerations
Ownership percentage — Partial owners may only receive credit for their share of income. A 50% owner gets 50% of qualifying income.
Intercompany transfers — Money moving between your businesses gets flagged and excluded. Keep clean records distinguishing revenue from transfers.
Business tenure — If one business is newer than two years, that income may not count even if your other businesses qualify.
More paperwork — Multiple entities means multiplied documentation. Get all businesses properly documented before applying. 
