Bank Statement Converter for a Laundromat Business Loan

Laundromats are cash-heavy businesses — coin changers, card readers, and vending machines generate daily cash that gets deposited into the business account. Converting 12 months of statements to Excel lets an SBA or equipment lender see the actual revenue landing in your account, not an owner's estimate.

Key Benefits

• Capture daily or weekly cash deposits and card settlement receipts
• Show the consistency of revenue deposits across 12 or 24 months
• Separate machine income from utility debits, lease payments, and supply orders
• Demonstrate net cash flow available for new machine financing or expansion
• Produce an Excel file a commercial lender can verify against your utility bills

How It Works

1. Step 1: Upload your business checking account PDF statement
2. Step 2: The converter extracts every deposit and debit with description and date
3. Step 3: Download Excel and sum the deposit column month by month
4. Step 4: Attach to your SBA or equipment loan package alongside your location lease

Frequently Asked Questions

My laundromat is mostly cash. What if I don't deposit every day?

Irregular deposit timing is common for cash-based businesses. Lenders look at total monthly deposits, not daily frequency. A 12-month statement showing consistent monthly cash-in is acceptable even if some weeks show no deposits.

I want to upgrade to card-only machines. Will that help my loan application?

Yes — card transactions create automatic daily batch deposits with clear records. Lenders prefer card-based income over cash because the bank statement independently verifies every transaction without needing to trust manual cash counts.

Convert a Statement Free