SBA Lender Recommendations & Loan Size Guidance – Dry Cleaning Drop Store in DC

searcher profile

August 26, 2025

by a searcher from Brigham Young University - Marriott School of Management in Lehi, UT, USA

I’m in the process of putting together an offer on a dry cleaning drop store in Washington, D.C. (no plant, just a drop store). Purchase price is likely to be in the $120K–$150K range, with seller financing as a possibility. I’m exploring SBA 7(a) financing options but I’m running into some mixed information around minimum SBA loan sizes – Is there a practical floor where banks won’t bother with a 7(a)? Local SBA lenders – Does anyone have recommendations for PLP (Preferred Lender Program) banks or SBA-focused lenders in DC (or Utah) who are responsive and comfortable with smaller loan amounts? I’d appreciate any warm lender introductions or insights from folks who’ve financed smaller main street acquisitions with SBA. Thanks in advance!
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Reply by a lender
from University of Southern California in Los Angeles, CA, USA
Hi ^redacted‌ - We have a lender that is happy closing deals as low as 100k. They will run an automated process but they will happily close it. You can schedule a meeting with me here: https://calendly.com/tom-gosbaloans/30min?month=###-###-#### . Look forward to chatting!
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Reply by a lender
in Raleigh, NC, USA
If you are looking for a SBA 7a loan for that size you should contact M&F bank, they are able to lend within that price range redacted
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