Dental Practice Loan Closing Timeline
Understanding the loan closing timeline helps you plan your practice acquisition and set appropriate expectations with sellers. Different loan types have dramatically different timeframes.
Timeline by Loan Type
| Loan Type | Timeline | Best For |
|---|---|---|
| SBA 7(a) | 45-75 days | Most acquisitions |
| SBA Express | 30-45 days | Loans under $500K |
| Conventional | 30-60 days | Strong borrowers |
| Seller Financing | 14-30 days | Simple transactions |
SBA 7(a) Timeline Breakdown
- Application: 3-5 days
- Document Collection: 7-14 days
- Lender Underwriting: 10-15 days
- SBA Submission: 2-3 days
- SBA Review: 5-10 days
- Approval & Commitment: 2-3 days
- Closing Prep: 7-14 days
Avoiding Delays
- Submit complete documentation
- Respond quickly to requests
- Order appraisal early
- Keep seller informed
Conclusion
Plan for 60 days from application to closing for SBA loans. Communicate timeline clearly with sellers to manage expectations.
Need expedited financing? Contact DentalBridge.