Bank Statement Converter for Trucking Companies

Trucking companies and owner-operators need organized bank statement records for freight invoice factoring, SBA loans, equipment financing, and IFTA fuel tax documentation. Convert your trucking business bank statement PDF to Excel to track load income, fuel costs, and fleet expenses.

Key Benefits

• Exports load payment deposits from brokers, shippers, and factoring companies
• Documents fuel card payments and IFTA mileage expense correlation
• Works with all major business banks used by carriers
• 12-month export for SBA and equipment loan applications
• CSV export for Trucker Path, TruckLogics, and QuickBooks Contractor

How It Works

1. Step 1: Upload your trucking business bank statement PDF
2. Step 2: Select Excel output
3. Step 3: Download and separate load revenue from fuel, maintenance, and lease payments
4. Step 4: Calculate net trucking revenue and operating ratio for lender review

Frequently Asked Questions

What bank statements do freight factoring companies require?

Freight factoring companies (OTR Capital, Triumph Business Capital, RTS Financial) require 3–6 months of business bank statements to evaluate cash flow and existing debt before offering a factoring arrangement. Export to Excel showing average monthly load revenue, fuel costs, and any existing loan payments. A higher average monthly load revenue qualifies for a larger factoring credit line.

How do trucking companies use bank statements for SBA loans?

SBA 7(a) loans for trucking companies require 12 months of business bank statements. Export each month to Excel, remove non-revenue items (owner draws, loan proceeds), and calculate net average monthly load revenue. Separate fuel and maintenance costs to show operating expenses. SBA lenders calculate a global cash flow including any W-2 income from the owner to determine loan sizing.

Convert Trucking Statement Free