Bank Statement Converter for a Medical Practice Business Loan

Physician-owned practices applying for expansion financing, equipment loans, or practice acquisition need to document both business cash flow and personal income. Bank statements from the practice operating account show insurance reimbursements, patient copay deposits, and physician owner draws — the full picture lenders need before approving medical practice financing.

Key Benefits

• Show insurance reimbursement deposits and patient copay income separately in Excel
• Document owner draws or physician W-2 payroll as part of total practice cash flow
• Highlight the consistent monthly revenue baseline from recurring patient panels
• Identify large non-recurring deposits such as grants or PPP proceeds so they are not counted as income
• Export a 12–24 month Excel file showing net cash flow available for debt service

How It Works

1. Step 1: Upload 12–24 months of PDF statements from your practice operating account
2. Step 2: The converter extracts all deposits and major expense outflows with dates and amounts
3. Step 3: Download Excel and separate revenue by payer type: Medicare, Medicaid, private insurance, self-pay
4. Step 4: Submit to your SBA or commercial lender alongside your P&L, tax returns, and credentialing documents

Frequently Asked Questions

I'm buying an existing practice from a retiring physician. What bank statement documentation do I need?

You need 24 months of the target practice's operating account statements — not just the seller's personal accounts. The practice bank statements show what the business actually generates regardless of how the previous owner structured compensation.

My practice received a large Medicare quality bonus this year. Does that count as income?

If MACRA or MIPS bonuses appear regularly they can be included in the income average. If it was a single one-time payment, the underwriter will likely exclude it from the qualifying income calculation.

Convert a Statement Free