Bank Statement Converter for Auto Repair Shops

Auto repair shop owners — independent shops, franchise operators (Midas, Meineke, Jiffy Lube), and specialty shops — need organized bank statement records for SBA loans, shop acquisition financing, and parts inventory credit lines. Convert your auto shop bank statement PDF to Excel for complete financial analysis.

Key Benefits

• Exports credit card processor deposits, insurance claim payments, and fleet account income
• Separates parts supplier payments from labor revenue for P&L analysis
• Works with all major business banks used by auto repair shops
• 12-month export for SBA loan and shop acquisition loan applications
• CSV export for Mitchell 1, Shop-Ware, and QuickBooks for Auto Repair

How It Works

1. Step 1: Upload your auto shop business bank statement PDF
2. Step 2: Select Excel output
3. Step 3: Download and categorize repair revenue deposits and parts supplier payments
4. Step 4: Calculate average monthly ARO (Average Repair Order) revenue for lenders

Frequently Asked Questions

How do auto repair shops document revenue for SBA loan applications?

SBA lenders for auto repair shops analyze total monthly deposits (repair revenue) vs. total monthly debits (parts, payroll, rent). Export 12 months to Excel and remove transfers and loan proceeds from the revenue total. Calculate average monthly gross revenue and net operating cash flow — the SBA lender uses this for debt service coverage ratio analysis.

What bank statements do auto shop acquisition lenders require?

Lenders financing auto repair shop acquisitions require 2–3 years of the target shop's bank statements to verify revenue representation. Export each year's statements to Excel and calculate annual gross revenue, parts cost as a percentage of revenue (target: under 35%), and operating cash flow available for debt service on the acquisition loan.

Convert Auto Shop Statement Free