Bank Statement Converter for a General Contractor Business Loan

General contractors receive project draws on a schedule tied to construction milestones — not a monthly salary. A $500,000 project might pay five $100,000 draws spread over six months. Converting your business bank statements to Excel shows a lender the actual project draw history and total annual revenue rather than a misleading single-month snapshot.

Key Benefits

• Capture all project draw deposits, change order payments, and retainage releases
• Show the full annual gross revenue across all active projects
• Separate project revenue from subcontractor payments and materials costs
• Produce 24 months of business account history for SBA or bonding line applications
• Export to Excel so a commercial lender can calculate total annual project volume

How It Works

1. Step 1: Upload your business checking account PDF statements — 24 months preferred
2. Step 2: The tool extracts all transactions automatically
3. Step 3: Download Excel and label each large deposit with the project name for clarity
4. Step 4: Attach to your loan package with your contractor license and project list

Frequently Asked Questions

My gross revenue looks huge but I pay most of it to subs. Will lenders see through that?

Lenders familiar with GC businesses look at gross receipts, then your Schedule C or P&L to understand subcontractor costs. The bank statement shows gross — your tax return shows net. Both documents together tell the complete story.

Can I use bank statements to qualify for a construction bonding line?

Surety companies use bank statements, financial statements, and tax returns to evaluate bonding capacity. Business bank statements showing consistent project volume and healthy balances between draws are a key component of the underwriting package.

Convert a Statement Free