SBA 7(a) Loan to Purchase Existing Business. Possible?

I am in the process of acquiring a small medical services clinic and looking into options for loans in the $125-150k range. I have reached out to a couple of SBA approved lenders who have suggested that they do not have any options for loans to be used for the purchase of an existing business at that amount. Basically, the feeling I got from them was that it was too much effort to evaluate the business for such a small loan.

Has anyone else experienced this?

Any recommendations for SBA lenders who may be more likely to consider these smaller loans for business acquisitions?


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