Laser bending of sheet metals with preload offers some attractive characteristics/merits, comparing to laser free bending without prestressing on the metals. The study reported in this paper was focused on a Titanium alloy which finds widespread applications in aerospace manufacturing. FE simulation of laser bending with prestressing on the Titanium alloy sheet was conducted for the analysis of the bending process and experiment carried out to verify the model and the result. It was shown that the simulation result is close to that measured in the experiment. Based on the computed result, the load-displacement curve was analysed and transmission efficiency of the elastic energy defined to evaluate the bending effect. These enhanced understanding of the mechanism of laser bending with a preload. A method for the optimization on technological parameters was further proposed. Referring to the deformation targeted, the preload value was determined through the FE simulation. The result showed that, on the premise that the specimen surface can be prevented from damaging, transmission efficiency of the elastic energy could reach to the maximum value through adjusting technological parameters of the laser system and deformation accuracy of the specimen could also be improved through this approach. The work presented in this paper may find its application in the manufacture of Titanium alloy sheets with a more cost-effective and a more precise way.