Bank Statement Converter for Equipment Financing Applications
Equipment financing lenders — banks, SBA lenders, and alternative finance companies — require 3–6 months of business bank statements to verify cash flow for equipment loans and leases. Convert your PDF statements to Excel for fast loan application submission.
Key Benefits
- 3–6 month export satisfies most equipment lender requirements
- Works with all major business banks and community bank formats
- Monthly average deposit calculation for loan sizing
- Supports both new equipment loans and equipment refinancing
- CSV export for broker submission portals
How It Works
- Step 1: Upload your 3–6 most recent business bank statement PDFs
- Step 2: Select Excel output for each
- Step 3: Download and calculate average monthly deposits
- Step 4: Submit to your equipment financing lender or broker
Frequently Asked Questions
- How much revenue do I need to qualify for equipment financing?
- Most equipment lenders require monthly deposits of 1.25× to 1.5× the monthly loan payment to demonstrate adequate cash flow. Export your last 3–6 months to Excel, calculate average monthly deposits, and compare to the estimated payment on your target equipment to gauge qualification.
- Can startups get equipment financing with bank statements?
- Some online equipment lenders (Crest Capital, Currency Capital, TimePayment) offer programs for businesses with as few as 3–6 months of bank history showing consistent deposits. Export your available statement history to Excel and present it as your primary financial documentation.
Convert for Equipment Financing Free