Bank Statement Converter for a Staffing Agency Business Loan

Staffing agencies process large weekly payroll deposits from clients before paying out worker wages — creating a pass-through cash flow that inflates gross deposits relative to true profit. Converting your business bank statements to Excel lets a lender see both the gross receipts and the payroll disbursements to understand the net margin.

Key Benefits

• Capture all client invoice payment deposits and ACH receipts
• Identify weekly payroll disbursements and employer tax payments that offset gross deposits
• Calculate true net operating cash flow after pass-through payroll costs
• Produce 12–24 months of business account history for SBA or line of credit
• Export to Excel so a lender can model gross-to-net margin for underwriting

How It Works

1. Step 1: Upload your business operating account PDF statements
2. Step 2: The converter extracts all deposits and debits with dates and descriptions
3. Step 3: Download Excel and label client payment rows vs. payroll disbursement rows
4. Step 4: Attach to your loan package with your largest client contracts and payroll records

Frequently Asked Questions

My gross deposits look huge but my margins are thin. Will lenders understand that?

A lender familiar with staffing businesses will. Your Excel bank statement shows both sides: large client payment deposits and large payroll disbursements. The net — what stays in the account after payroll — is your actual business income.

I want to use an SBA loan to fund payroll while waiting for client payments. Is that possible?

Yes — this is exactly what SBA working capital lines of credit are for. Your bank statement demonstrating consistent client payment cycles and tight payroll timing is the core underwriting document for that use case.

Convert a Statement Free