How to create a P&L statement for commercial loan
Hello all - I'm applying for my first commercial loan and they've asked me for a P&L statement for all my rentals. I only have a handful of properties, each of which I track through an excel spreadsheet. Does anyone have advice on how thorough or "formal" the P&L statement needs to be for financing purposes? Not sure if I can just send my spreadsheets over or I need to get software or a template. Thanks!