Loan Pre-Approval Process

Pre-approval strengthens your position as a buyer. Know your budget before shopping for practices.

Why Get Pre-Approved

• Know your maximum purchase price
• Stronger offers (seller confidence)
• Faster closing process
• Identify financing issues early

Pre-Approval Requirements

• Credit check (680+ preferred)
• Income verification
• Dental license
• Resume/CV
• Personal financial statement

The Process

1. Choose lender(s)
2. Submit application
3. Provide documentation
4. Credit and background check
5. Receive pre-approval letter

Timeline

• Traditional lenders: 3-7 days
• SBA lenders: 1-2 weeks

Pre-Approval vs Pre-Qualification

Pre-qualification: Estimate based on stated information
Pre-approval: Verified information, stronger commitment

Bottom Line

Get pre-approved before serious practice shopping. It shows sellers you're serious and ready to close.

Pre-approval help? Contact DentalBridge.