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2. Prequalified vs. preapproved: What’s the difference? - AOL

   www.aol.com/finance/prequalified-vs-preapproved...

   Provides conditional loan approval Could take time to gather documentation and complete application, then take anywhere from a few minutes to a few business days for response

3. What is conditional approval in a mortgage application? - AOL

   www.aol.com/finance/conditional-approval...

   Applying for a loan to buy a house means meeting the standards and criteria set by a mortgage lender. That requires the fairly involved process of providing it with your financial documents (be ...

4. How long do you have to wait for SBA loan approval? - AOL

   www.aol.com/finance/long-wait-sba-loan-approval...

   4. Wait for approval (varies on the loan type, up to 90 days) Approval times vary by loan type and lender. For example, the SBA will review an application for a Standard 7(a) loan within five to ...

5. Pre-approval - Wikipedia

   en.wikipedia.org/wiki/Pre-approval

   In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [1]For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that should they want that product, they would be guaranteed to get it.

6. Good faith estimate - Wikipedia

   en.wikipedia.org/wiki/Good_faith_estimate

   The Loan Estimate replaces the Good Faith Estimate, or GFE, that was used prior to 2015. Lenders are required to issue Loan Estimates within three days of receiving a complete loan application, per the TILA-RESPA Integrated Disclosure Rule (TRID).

7. Lendio - Wikipedia

   en.wikipedia.org/wiki/Lendio

   Lendio's online application process takes an average of 15 minutes to complete, compared to an average of 25 hours filling out traditional lending applications. [ 20 ] Small business owners are offered financing options including credit cards, lines of credit, short-term specialty loans and long-term traditional loans.