Bank Statement Converter for General Contractors and Construction Companies

General contractors (GCs), residential builders, commercial construction companies, and design-build firms can convert bank statement PDFs to Excel or CSV to document construction draw disbursements, subcontractor payment flows, and project completion deposits. Essential for SBA 7(a) and SBA 504 construction business loans, bonding and insurance documentation, and mortgage applications where GC business owner income needs professional documentation.

Key Benefits

• Documents construction project draw receipts and AIA payment schedule deposits
• Tracks subcontractor payment outflows for project cost management documentation
• Separates owner-operator compensation from project pass-through funds
• Bonding line and insurance renewal support with business revenue documentation
• SBA 504 construction company real estate loan support with 3-year revenue history

How It Works

1. Step 1: Upload your construction business bank statement PDFs (last 24–36 months)
2. Step 2: Select Excel output
3. Step 3: Identify draw receipts, subcontractor payments, and owner distributions
4. Step 4: Present to SBA lender or mortgage underwriter with bonding capacity letter

Frequently Asked Questions

How do general contractors document project draw income for mortgage applications?

GCs receive project draws as construction milestones are completed — these large, irregular deposits are difficult for conventional lenders to evaluate on a monthly basis. Export 24 months of bank statements to Excel to show the annual rhythm of draw receipts and subcontractor payment outflows. A 24-month average monthly deposit, combined with a CPA-prepared P&L showing annual net income, gives mortgage lenders the context needed. Non-QM bank statement loans averaging 12-month gross deposits work particularly well for GCs with strong gross project revenue.

Can general contractors use bank statements to increase their bonding line?

Yes. Surety bonding companies evaluate GC financial capacity by reviewing bank statements alongside financial statements. Export 12–24 months of business bank statements to Excel to show: working capital adequacy (average cash balance), payment patterns with subcontractors (promptly paying subs = good character), and revenue capacity relative to the requested bond line. Bonding underwriters use single-job bond limits and aggregate limits — strong bank statement cash position and revenue history support higher aggregate bonding capacity.

Convert General Contractor Statement Free