Bank Statement Converter for a Dental Practice Business Loan
Dental practices are among the most financeable small businesses in the US — but lenders still need to see 12–24 months of operating account statements to verify the production figures you claim. Converting those PDF statements to Excel makes insurance reimbursements, patient payments, and lab fee outflows immediately legible to any dental lender.
Key Benefits
- Show insurance reimbursement deposits by carrier and patient payment deposits in one file
- Document monthly collections that reconcile with your practice management software reports
- Separate lab fees, supply outflows, and staff payroll to show net operating cash flow
- Identify associate wages as a separate outflow category if you employ associate dentists
- Export a clean Excel file a dental lender can compare against your production reports
How It Works
- Step 1: Upload 12–24 months of PDF statements from your practice operating account
- Step 2: The converter extracts all deposits and withdrawals with dates and descriptions
- Step 3: Download Excel and label rows by payer: insurance, patient, and credit card merchant deposits
- Step 4: Submit alongside your dental practice P&L, tax returns, and production reports from your software
Frequently Asked Questions
- I'm a recent dental school graduate buying my first practice. Can I qualify?
- Yes. Dental-specific lenders finance new dentist practice acquisitions with 10–15% down. The bank statements of the practice you are buying — not your own — are the primary income documentation for an acquisition loan.
- My practice switched to fee-for-service and dropped most insurance plans. How do I show revenue grew?
- Use 12–24 months of bank statements. If the transition happened mid-period, the Excel output shows the shift in deposit patterns. A brief explanation letter from your CPA contextualizes the change for underwriters.
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