Bank Statement Converter for a Car Dealership Business Loan
Auto dealerships have unique cash flow patterns: large wire transfers from floorplan lenders, lump-sum vehicle proceeds from individual sales, and separate income from service departments and F&I products. Converting business bank statements to Excel gives a commercial lender or SBA underwriter the granular view of those income streams before approving a loan.
Key Benefits
- Show vehicle sale proceeds separated from floorplan payoff outflows and service revenue
- Document F&I income deposits as a distinct profit center separate from vehicle sales
- Highlight service department revenue as a stable monthly baseline income stream
- Capture floorplan curtailment payments and manufacturer floor plan advances in context
- Export a 12–24 month Excel workbook mapping total revenue by channel by month
How It Works
- Step 1: Upload 12–24 months of business statements from your dealership operating and floorplan accounts
- Step 2: The converter extracts all deposits and withdrawals with dates, amounts, and descriptions
- Step 3: Download Excel and label rows by income channel: vehicle sales, service, F&I, and parts
- Step 4: Submit to your commercial lender alongside your franchise agreement, DMS reports, and P&L
Frequently Asked Questions
- Dealership cash flow looks chaotic — a large deposit one day and a floorplan payoff the next. Will a lender understand?
- Yes, commercial auto lenders are familiar with the floorplan model. The Excel output makes the in-and-out pattern explicit and lets the lender compute net revenue by stripping out floorplan principal transactions.
- I want to buy the real estate my dealership sits on. What documentation does a commercial lender need?
- They will want 24 months of business bank statements, personal financial statements, your franchise agreement, and 3 years of business tax returns. The Excel bank statement supplements but does not replace the full tax return package.
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