Bank Statement Converter for Towing Companies and Auto Towing Operators

Towing company owners, roadside assistance operators, accident recovery specialists, and repossession towing operators can convert bank statement PDFs to Excel or CSV to document daily tow revenue, motor club contract income (AAA, Allstate Motor Club), and police rotation tow fees. Essential for SBA 7(a) loans for tow truck fleet expansion, commercial vehicle financing for wreckers and flatbeds, and mortgage income documentation for towing business owners.

Key Benefits

• Documents daily tow revenue and motor club contract payments for SBA loans
• Tracks police rotation tow contract income as predictable government revenue
• Impound lot storage fee income documentation as recurring revenue stream
• Commercial vehicle financing documentation for tow trucks and flatbeds
• Repossession towing contract income documentation for repo-focused operators

How It Works

1. Step 1: Upload business bank statement PDFs
2. Step 2: Select Excel output
3. Step 3: Identify daily tow payments, motor club deposits, and impound storage fees
4. Step 4: Submit to lender with towing license, motor club contract, and rotation contract

Frequently Asked Questions

How do towing company owners qualify for SBA tow truck fleet loans?

SBA 7(a) loans for towing equipment (heavy-duty wreckers $80,000–$200,000, flatbed carriers $60,000–$120,000, light-duty tow trucks $40,000–$80,000) require demonstrated business revenue sufficient to service the loan. Export 24 months of business bank statements to show total tow revenue, motor club contract deposits, and impound storage income. Police rotation contracts providing guaranteed minimum daily tow volume are the strongest income documentation for SBA fleet loans — they represent government-contracted recurring revenue.

Can towing companies with impound lots use bank statements for commercial real estate loans?

Yes. Towing companies that own their impound lot real estate (often $200,000–$1M+ in urban markets) can use commercial real estate loans to purchase or refinance the property. Export 24 months of business bank statements to show storage fee income from impounded vehicles — this recurring daily fee income ($25–$50/day per vehicle) is a strong real estate income stream. Commercial mortgage lenders value impound lot real estate because the business and property are intertwined, and the police rotation contract creates a reliable customer pipeline.

Convert Towing Company Statement Free