SBA lending record

Palmetto Group LLC

228 South Main Street, Suite 150, Newtown, CT · Fitness and Recreational Sports Centers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$275K

Total SBA financing

Loan on record

FY2023

On record

Jobs supported

Is Palmetto Group LLC your business?

This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.

Claim this listing Remove

The loan

$275,000 — FY2023

Gross approval: $275,000
SBA guaranteed: $206,250 (75%)
Status: In workout — SBA bought the guarantee
Rate at approval: 11.75% v
Term: 99 mo (8 yr)
Program: Community Advantage Initiative
Subprogram: Community Advantage Initiative
Loan type: Term loan
Purpose: Other / working capital
Approved: 4/20/2023
First disbursement: 5/11/2023
Days to fund: 21 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 2
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Fitness and Recreational Sports Centers
NAICS code: 713940
Lender: Community Investment Corporation
Address: 228 South Main Street, Suite 150
City: Newtown
County: Western Ct
SBA district office: CONNECTICUT DISTRICT OFFICE
Congressional district: 4

The lender

Community Investment Corporation

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding fitness and recreational sports centers — by location, industry.

SBA lenders in Connecticut Lenders for fitness and recreational sports centers Fitness and Recreational Sports Centers lenders in Connecticut

Similar businesses

Comparable fitness and recreational sports centers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

NEWTOWN GYMNASTICS ACADEMY INC

Newtown, CT· ~1 mi

Fitness and Recreational Sports Centers

$248K
SBA financing: ≈ $485K–$809K
Est. revenue (rough)

View record

CTG Newtown LLC

Newtown, CT· ~3 mi

Fitness and Recreational Sports Centers

$450K
SBA financing: ≈ $882K–$1.5M
Est. revenue (rough)

View record

PilatesHaus LLC

Ridgefield, CT· ~13 mi

Fitness and Recreational Sports Centers

$248K
SBA financing: ≈ $485K–$809K
Est. revenue (rough)

View record

StrongDogg Incorporated

New Milford, CT· ~15 mi

Fitness and Recreational Sports Centers

$339K
SBA financing: ≈ $665K–$1.1M
Est. revenue (rough)

View record

Colonial Fitness Corporation

Milford, CT· ~14 mi

F45 Training

$275K
SBA financing: ≈ $539K–$899K
Est. revenue (rough)

View record

Play Fitness LLC

Shelton, CT· ~11 mi

Fitness and Recreational Sports Centers

$158K
SBA financing: ≈ $309K–$515K
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for Palmetto Group LLC in Newtown, CT (Fitness and Recreational Sports Centers). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $275K
On record FY2023
2 jobs supported
Industry: Fitness and Recreational Sports Centers
Location: Newtown, CT
Lender: Community Investment Corporation

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Fitness and Recreational Sports Centers businesses in CT for ~$275k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal Talk to a loan broker Find SBA lenders Compare similar deals

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-22.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/palmetto-group-llc-ct
API:: https://www.capbench.com/api/public/businesses/palmetto-group-llc-ct
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

Is Palmetto Group LLC your business?

This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.

Claim this listing

Researching a business like this one?

The numbers above are what a deal of this size and type actually looked like. Tell us what you're buying and we'll point you to the lenders most likely to fund it.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

By submitting, I agree that CapBench may share my contact information with SBA lending partners and loan brokers (including partners who compensate CapBench), and that they and CapBench may contact me about financing by phone, email, and text — including via autodialed or prerecorded calls and messages — at the phone number and email I provide. Consent is not a condition of any purchase or service, and message and data rates may apply. CapBench is not a lender and makes no credit decision.

Use this deal in ChatGPT

Ask ChatGPT to analyze this business with Capbench's SBA loan records, lender-fit data, and buyer prequalification tools.

ChatGPT will ask you to connect Capbench if you have not already approved it.

Open in ChatGPT

CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Palmetto Group LLC.