Sunbit Review

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What Is Sunbit?

Sunbit is a buy-now-pay-later platform built for in-person service businesses, with dentistry as one of its largest verticals. The core product lets patients finance treatment from $50 to $20,000 with repayment terms from 6 to 72 months. What makes Sunbit different from CareCredit or traditional healthcare lenders is the underwriting model: Sunbit uses proprietary AI and machine learning (built by co-founder Tamir Hazan, who holds a PhD in AI/ML) to assess creditworthiness in ways that go beyond a FICO score. The result is approval rates that are roughly double the industry average.

The application takes about 30 seconds and can be completed on the patient's phone, at the front desk, or via a link texted to the patient. There is no hard credit pull, which means applying does not affect the patient's credit score. Approved patients see their terms immediately and can select a payment plan that works for their budget.

Founded by CEO Arad Levertov and CTO Tamir Hazan, Sunbit has processed over $1 billion in total transactions across 20,000+ locations (not just dental). In dentistry specifically, Sunbit operates in more than 6,000 locations and over 550 DSOs, with 500+ new dental offices joining each month.

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Who Is It For?

Practices with case acceptance problems: If patients are saying yes to treatment plans but no to the bill, Sunbit directly addresses that gap. The high approval rate means more patients can actually afford to move forward.

Offices serving lower-income or credit-challenged patients: CareCredit's approval rates hover around 40-50% industry-wide. If your patient base skews toward lower credit scores, Sunbit's ability to approve patients with scores as low as 500 (or no credit history at all) is a game-changer.

DSOs standardizing financing across locations: Sunbit integrates with PMS platforms like CareStack and offers a consistent experience across locations. The ability to send prequalification links directly from the PMS reduces friction for front desk staff.

Any practice tired of CareCredit's deferred interest model: Sunbit uses fixed-rate installment plans with no deferred interest, no late fees, and no surprise charges. Patients know exactly what they owe from day one. That transparency builds trust in a way that CareCredit's fine-print-heavy model does not.

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Key Features

30-Second Application: Patients apply on their phone or at the front desk. Soft credit check only -- no impact on credit score. Results are instant.

85-90% Approval Rate: AI-powered underwriting approves roughly 9 out of 10 applicants, including patients with credit scores as low as 500 and patients with no credit history.

Flexible Terms: Financing from $50 to $20,000. Repayment terms from 6 to 72 months. APR ranges from 0% to 35.99% for loans under $1,000, 0-20.99% for $1,000-$3,000, and 0-14.99% for loans over $3,000. Rates decrease as loan amounts increase.

No Deferred Interest: Unlike CareCredit's promotional periods where patients get hit with retroactive interest if they miss a payment, Sunbit uses simple fixed-rate installment plans. No late fees, no prepayment penalties, no surprise charges.

PMS Integration: Integrates with CareStack and other practice management systems. Staff can send prequalification links directly from the PMS with a single tap. Also supports contactless applications where patients complete everything on their own device.

Practice Gets Paid Upfront: Sunbit pays the practice the full treatment amount (minus the merchant discount fee), regardless of whether the patient makes their payments. The practice takes zero credit risk.

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Pricing

Sunbit charges practices a merchant discount fee starting as low as 1.9% per transaction. The exact rate depends on the terms offered, loan amount, and negotiated agreement. Sunbit does not charge practices a monthly subscription or setup fee -- you only pay when a patient uses the financing.

For patients, APR varies by loan size: 0-35.99% for loans of $1,000 or less, 0-20.99% for $1,000-$3,000, and 0-14.99% for loans over $3,000. There are no origination fees, no late fees, and no prepayment penalties.

Compared to CareCredit, the merchant discount rate is competitive, and the dramatically higher approval rate means more patients actually convert -- which typically more than offsets any difference in per-transaction cost.

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Pros

• 85-90% approval rate is roughly double the industry average
• 30-second application with no hard credit check
• Fixed-rate installments with no deferred interest traps
• Practice gets paid in full upfront with zero credit risk
• Forbes Fintech 50 three years running (2024-2026)
• PMS integrations streamline the front desk workflow

Cons

• APR can reach 35.99% on smaller loans, which is high for patients
• Merchant discount fees reduce the practice's net revenue on financed cases
• Newer brand with less patient recognition than CareCredit
• Limited PMS integrations compared to CareCredit's extensive partner network
• Not available for every state or every treatment type
• Patients may still prefer the familiarity of CareCredit for large cases

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The Bottom Line

Sunbit solves the biggest problem in dental patient financing: too many patients get declined. If you are losing case acceptance because patients cannot pay and CareCredit is rejecting half of them, Sunbit's 85-90% approval rate directly translates to more production. The fixed-rate model is more transparent and patient-friendly than deferred interest schemes, and the 30-second application eliminates the awkward financing conversation at the front desk. The tradeoff is that Sunbit is a newer brand and some patients will not recognize it, but in our view, an approval is worth more than brand familiarity. This is the financing tool your front desk will actually want to use.