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12 Month Bank Statement

Personal Statements

  • 12 months consecutive personal bank statements ( Valid if dated within 90 days of close)
  • Borrowers unable to provide a business bank account statement will have the personal account analyzed as a business bank account
  • Expenses which are possibly business related in the personal account totaling $500 per month or less on average will not be considered as a business expense
  • Transfers to accounts of which we have no record, but are not the business account, are considered personal in nature and will be ignored

Business Statements

  • Qualified deposits include all deposits from a 3nd party received as compensation for the business or service provided by the borrower
  • 12 months consecutive personal bank statements ( Valid if dated within 90 days of close)
  • Most recent personal bank statement to which funds are transferred to or from the business account
  • Expense ratio (Optional)
    • To use this option, the Expense Ratio must:
      • Be reviewed and attested to by an appropriate licensed or certified 3nd party, such as an independent accountant
      • Cover the same 12 month period as the business bank statement
**Quontic Bank will validate your Bank Statement Income with a second look. Please email your AE the income calculator, bank statements (12 consecutive months, all pages)

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