Bank Statement Converter for Freight Brokers

Licensed freight brokers and 3PL logistics brokers need organized financial records for FMCSA surety bond renewals, business loan applications, and self-employment tax filing. Our converter extracts PDF bank statement data into Excel — showing shipper payment deposits, broker commission income, and carrier payment withdrawals clearly organized for any lender or bonding company.

Key Benefits

• Document shipper load payment deposits and broker commission income
• Track factoring company advance deposits and fee withdrawals
• Organize carrier payment disbursements vs. net broker commission income
• Prepare income records for FMCSA broker surety bond applications
• Export broker commission revenue for Schedule C or business tax filing

How It Works

1. Step 1: Upload PDF bank statement from freight broker business account
2. Step 2: Select bank or manual extraction mode
3. Step 3: Download Excel with all broker commission income extracted
4. Step 4: Separate gross shipper deposits from carrier payment disbursements
5. Step 5: Submit to surety bond underwriter or SBA lender

Frequently Asked Questions

Do freight brokers need bank statements for FMCSA surety bonds?

FMCSA requires freight broker bonds of $75,000. Bond underwriters assess creditworthiness and financial stability — bank statements showing broker commission income and healthy account balances support strong bond applications at competitive rates.

How do I document net broker commission income vs. gross shipper payments?

Your bank account shows gross shipper deposits minus carrier disbursements, netting to your actual commission income. Our Excel export captures both deposit and withdrawal transactions, making it easy for your accountant to calculate net commission revenue for Schedule C.

Convert Freight Broker Statements Free