I have long arms and short legs, so finding a bike that fit was a challenge. In the end, I bought a 50 cm Bianchi Eros Donna, which is a compact frame. Per the specs, I have virtually no clearance. In reality, I actually have a 2-3centimeters, thanks to the sloping top tube. If you're looking any compact frames, it pays to just try them out because the measurement on paper might be disceiving. Even though it's less than "standard," I've never had any trouble with the bike in that regard.
Live with intention. Walk to the edge. Listen hard. Practice wellness. Play with abandon. Laugh. Choose with no regret. Continue to learn. Appreciate your friends. Do what you love. Live as if this is all there is.
--Mary Anne Radmacher