Bank Statement Converter for a Roofing Contractor Business Loan
Roofing businesses spike after hail storms and drop sharply in winter. That seasonal pattern — $200,000 in September, near zero in January — confuses lenders who look at a single month's bank statement. Converting 24 months to Excel shows the full annual cycle and total income that qualifies the business for equipment financing or an SBA loan.
Key Benefits
- Capture all project payment deposits including storm-response surges and insurance claim payments
- Show 24 months of business account activity to document two full seasonal cycles
- Separate project revenue from materials, crew payroll, and equipment lease payments
- Produce business bank history for equipment financing, truck loans, or SBA working capital
- Export to Excel so a lender can see annual gross and calculate a monthly average
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 visualize the seasonal revenue curve
- Step 4: Attach to your loan package with your roofing license, insurance certificate, and largest contracts
Frequently Asked Questions
- My best months are after storms. Can I include insurance claim check deposits?
- Yes — insurance claim payments deposited into your business account appear as deposits on the bank statement and count as business income. They are legitimate revenue for a roofing contractor.
- I want to buy a shingle loader and two service trucks. What loan types apply?
- Equipment lenders handle the shingle loader; commercial vehicle lenders handle the trucks. Both use business bank statements. Some roofing contractors use an SBA 7(a) loan to finance all equipment together under one application.
Convert a Statement Free