Bank Statement Converter for a Painting Business Loan
Painting contractors earn most of their income in spring and summer — interior and exterior jobs cluster when homeowners and builders are most active. Converting 24 months of business bank statements to Excel shows a lender two full seasonal cycles and the annual revenue that qualifies the business for a vehicle loan, equipment upgrade, or SBA working capital line.
Key Benefits
- Capture project payment deposits from residential repaint jobs and new construction contracts
- Show seasonal revenue concentration with spring and summer peaks across 24 months
- Separate project revenue from paint supplier invoices, crew payroll, and equipment costs
- Produce 24 months of business bank history for commercial vehicle or SBA loan
- Export to Excel so a lender can calculate annual revenue and average monthly income
How It Works
- Step 1: Upload 24 months of business checking account PDF statements
- Step 2: The converter extracts all transactions across both seasonal cycles
- Step 3: Download Excel and total deposit rows by month to show the seasonal revenue pattern
- Step 4: Attach to your loan package with your contractor license and largest project contracts
Frequently Asked Questions
- I work year-round but earn mostly in warm months. How does a lender calculate my income?
- Lenders average 24 months of deposits to arrive at a monthly figure. Two cycles of strong spring and summer deposits followed by slower winter months produce a consistent annual average. The pattern being repeatable is what lenders care about.
- I want to hire a second crew and buy another van. What loan options exist?
- Commercial vehicle lenders handle the van; SBA 7(a) working capital covers hiring and training. Both require business bank statements. Provide 12–24 months showing enough net monthly income to cover both the new van payment and expanded payroll.
Convert a Statement Free