Bank Statement Converter for Construction Companies

General contractors, specialty subcontractors, and construction companies need organized bank statement records for surety bonding, SBA loans, equipment financing, and AIA payment application reconciliation. Convert your construction business bank statement PDF to Excel for complete financial documentation.

Key Benefits

• Exports AIA payment application receipts and subcontractor payment tracking
• Documents retainage release deposits and progress billing income
• Works with all major business banks used by construction firms
• 12-month WIP (Work in Progress) revenue tracking for bonding qualification
• CSV export for Sage 100 Contractor, QuickBooks Contractor, and Foundation

How It Works

1. Step 1: Upload your construction business bank statement PDF
2. Step 2: Select Excel output
3. Step 3: Download and tag deposits by project and subcontractor payments as expenses
4. Step 4: Calculate bonding capacity (3–10× bank balance) for surety bond underwriting

Frequently Asked Questions

What bank statements do surety bond underwriters require from contractors?

Surety bond underwriters (Travelers, Zurich, Liberty Mutual) analyze construction company bank statements for: average cash balance (used to calculate bonding capacity of 3–10× the average bank balance), consistent job billing income, absence of NSFs, and ability to fund multiple simultaneous projects. Export 12 months to Excel and calculate average monthly ending balance for the underwriter.

How do construction companies use bank statements for SBA loans?

SBA construction loans require 12 months of business bank statements. Export each month to Excel and separate: contract revenue deposits, subcontractor payments (largest expense category), material costs, equipment loan payments, and payroll. Calculate average monthly gross revenue and net operating cash flow for the SBA lender's construction industry income analysis.

Convert Construction Statement Free