{"ok":true,"canonical_url":"https://dealroom.so/glossary/bank-statements","api_url":"https://dealroom.so/api/public/glossary/bank-statements","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"bank-statements","term":"Bank Statements","group":"People and paperwork","definition":"Records of all financial transactions in a bank account over a period, showing deposits, withdrawals, and balances. Buyers need to review the business's bank statements during due diligence to verify revenue, expenses, and cash flow.","what_it_means":"For due diligence, request at least 2-3 years of the target business's bank statements to corroborate financial statements (P&L, Balance Sheet). Look for consistent cash flow, unusual transactions, or large owner withdrawals that might not be reflected in the P&L. For your equity injection, your personal bank statements will be required to prove seasoned funds.","url":"https://dealroom.so/glossary/bank-statements","official_sources":[],"related":[{"slug":"donor-bank-statements","term":"Donor Bank Statements","url":"https://dealroom.so/glossary/donor-bank-statements"},{"slug":"proof-of-funds","term":"Proof of funds","url":"https://dealroom.so/glossary/proof-of-funds"},{"slug":"seasoned-funds","term":"Seasoned funds","url":"https://dealroom.so/glossary/seasoned-funds"},{"slug":"profit-and-loss-statement","term":"Profit and Loss Statement","url":"https://dealroom.so/glossary/profit-and-loss-statement"}],"related_questions":[{"question":"Do I need to provide personal financial statements for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/do-i-need-to-provide-personal-financial-statements-for-an-sba-7-a-loan"},{"question":"What types of personal financial statements are required for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-types-of-personal-financial-statements-are-required-for-an-sba-7-a-loan"},{"question":"What types of personal financial statements are typically required for an SBA 7(a) loan application?","url":"https://dealroom.so/sba-7a/questions/what-types-of-personal-financial-statements-are-typically-required-for-an-sba-7-a-loan-app"},{"question":"Can unverified or inconsistent financial statements from the seller cause my SBA loan to be denied?","url":"https://dealroom.so/sba-7a/questions/can-unverified-or-inconsistent-financial-statements-from-the-seller-cause-my-sba-loan-to-b"},{"question":"What kind of financial statements does the SBA 7(a) loan application require from my business?","url":"https://dealroom.so/sba-loans/basics/what-kind-of-financial-statements-does-the-sba-7-a-loan-application-require-from-my-busine"},{"question":"What specific due diligence does the lender perform on the target business's financial statements for an acquisition?","url":"https://dealroom.so/sba-7a/questions/what-specific-due-diligence-does-the-lender-perform-on-the-target-business-s-financial-sta"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Bank Statements","url":"https://dealroom.so/glossary/bank-statements","source_type":"DealRoom Data"}}