FreeAgent + SBA Loan Application: Complete Workflow
Preparing for sba loan application and using FreeAgent? SBA lenders require 3-12 months of business bank statements to verify revenue, assess cash flow, and determine loan eligibility. Disorganized PDFs delay the application process. BankScan AI bridges the gap between your bank's PDF statements and FreeAgent's import feature.
BankScan AI → FreeAgent for SBA Loan Application
Convert bank statement PDFs to CSV / OFX formatted for FreeAgent import. Convert business bank statements to clean spreadsheets showing monthly revenue, average daily balance, and cash flow patterns — exactly what SBA lenders need to see.
How It Works
Upload your bank statement PDF
Supports all major banks. Upload 3 months for SBA Express loans; 12 months for standard SBA 7(a) and 504 loans; some lenders request 24 months for startups 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 sba loan application
Upload into FreeAgent and use the reconciled data for sba loan application.
Supported Banks
BankScan AI works with all major UK and US banks, including:
FreeAgent + SBA 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 SBA Loan Application — Convert business bank statements to clean spreadsheets showing monthly revenue, average daily balance, and cash flow patterns — exactly what SBA lenders need to see.
Import for SBA Loan Application into FreeAgent
After converting your bank statements for sba 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 SBA Loan Application
SBA loan approvals can take 30-90 days; stale financial documents older than 120 days are typically rejected and must be refreshed
Convert for FreeAgent + SBA Loan Application