Bank Statement Converter for an Auto Repair Shop Business Loan
Auto repair shops generate daily revenue from repair orders, inspection fees, and parts sales — a high volume of small and medium transactions landing in the business account constantly. Converting 12 months of statements to Excel shows a lender the total monthly revenue and the steady cash flow that supports an equipment loan or building purchase.
Key Benefits
- Capture daily credit card settlements and check deposits from repair orders
- Show consistent monthly gross receipts from service, parts, and inspection fees
- Separate revenue from payroll, parts supplier invoices, and equipment lease payments
- Produce 12–24 months of business bank history for SBA or equipment financing
- Export to Excel so a commercial lender can verify month-to-month revenue stability
How It Works
- Step 1: Upload your business checking account PDF statements — 12 months for most lenders
- Step 2: The tool extracts all transactions automatically
- Step 3: Download Excel and total deposit rows by month to show revenue trend
- Step 4: Attach to your loan package with your business license and equipment list
Frequently Asked Questions
- I want to buy the building my shop is in. What loan type covers that?
- An SBA 504 loan is the standard for owner-occupied commercial real estate. It requires 2 years of tax returns and 12–24 months of business bank statements showing sufficient cash flow to cover the combined mortgage, equipment, and operating costs.
- My shop takes a lot of cash for small jobs. How does that factor in?
- Only deposited cash appears on your bank statement and counts as documented income. Consistent daily or weekly cash deposits build a credible income record. Cash kept without depositing cannot be used for loan qualification.
Convert a Statement Free