FreeAgent + Business Loan Application: Complete Workflow
Preparing for business loan application and using FreeAgent? Lenders and finance brokers require 6-12 months of business bank statements to assess cash flow and creditworthiness. Disorganised PDFs slow down applications. BankScan AI bridges the gap between your bank's PDF statements and FreeAgent's import feature.
BankScan AI → FreeAgent for Business Loan Application
Convert bank statement PDFs to CSV / OFX formatted for FreeAgent import. Convert your business bank statements to clean spreadsheets showing cash flow, revenue patterns, and regular commitments — accelerating your loan application.
How It Works
Upload your bank statement PDF
Supports all major banks. Upload 6-12 months of business bank statements; asset finance may only need 3 months while commercial mortgages often require 24 months of statements.
AI formats for FreeAgent
Output as CSV / OFX with Date, Description, Amount (single column) — FreeAgent also accepts OFX files which skip the column mapping step entirely — dates in DD/MM/YYYY.
Import and use for business loan application
Upload into FreeAgent and use the reconciled data for business loan application.
Supported Banks
BankScan AI works with all major UK and US banks, including:
FreeAgent + Business Loan Application Features
- FreeAgent ready — Output formatted as CSV / OFX matching FreeAgent's expected column structure
- Smart integration — FreeAgent automatically estimates your tax bill in real-time as transactions are imported, giving sole traders an up-to-date picture of their tax liability.
- Built for Business Loan Application — Convert your business bank statements to clean spreadsheets showing cash flow, revenue patterns, and regular commitments — accelerating your loan application.
Import for Business Loan Application into FreeAgent
After converting your bank statements for business loan application:
- In FreeAgent, go to Banking > select your account > Import Bank Statement
- Choose CSV or OFX format, upload the file, and FreeAgent will parse the transactions automatically
Common Import Issues
FreeAgent can struggle with CSV files that have extra header rows or summary rows at the bottom. Ensure only transaction data rows are included.
FreeAgent Import for Business Loan Application
Commercial loan offers typically have a 30-90 day validity; brokers may need statements within days to meet funding deadlines or property completion dates
Convert for FreeAgent + Business Loan Application