SBA lending record

CAROLE, LLC

140 S Main St, Monticello, IA 52310 · Limited-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$145K

Total SBA financing

Loan on record

FY2020

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$145,000 — FY2020

Gross approval: $145,000
SBA guaranteed: $108,750 (75%)
Status: Paid in full
Rate at approval: 6.5% v
Term: 180 mo (15 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 11/7/2019
First disbursement: 1/31/2020
Days to fund: 85 days
Paid in full: 1/31/2026
Collateral: Required
Jobs supported: 8
Business type: Corporation
Business age: Change of Ownership
Industry: Limited-Service Restaurants
NAICS code: 722513
Lender: Citizens State Bank
Address: 140 S Main St
City: Monticello, 52310
County: Jones
SBA district office: CEDAR RAPIDS BRANCH OFFICE
Congressional district: 1

The lender

Citizens State Bank

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 limited-service restaurants — by location, industry.

SBA lenders in Iowa Lenders for limited-service restaurants Limited-Service Restaurants lenders in Iowa

Similar businesses

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

Hershey Ranch Inc.

Oelwein, IA· ~48 mi

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$149K
SBA financing: ≈ $292K–$487K
Est. revenue (rough)

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CR Midnight Smoker BBQ, LLC

Cedar Rapids, IA· ~31 mi

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$99K
SBA financing: ≈ $194K–$324K
Est. revenue (rough)

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Feedwell Kitchen & Bakery, LLC

Cedar Rapids, IA· ~27 mi

Limited-Service Restaurants

$110K
SBA financing: ≈ $216K–$359K
Est. revenue (rough)

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LU'S DELI ON 3RD LLC

Cedar Rapids, IA· ~31 mi

Limited-Service Restaurants

$115K
SBA financing: ≈ $225K–$376K
Est. revenue (rough)

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Kochsmeier Enterprises RF LLC

Rock Falls, IL· ~83 mi

Subway

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

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Pressed Friends LLC

Iowa City, IA· ~42 mi

Limited-Service Restaurants

$102K
SBA financing: ≈ $199K–$332K
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for CAROLE, LLC in Monticello, IA (Limited-Service Restaurants). 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 $145K
On record FY2020
8 jobs supported
Industry: Limited-Service Restaurants
Location: Monticello, IA
Lender: Citizens State Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Limited-Service Restaurants businesses in IA for ~$145k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/carole-llc-ia
API:: https://www.capbench.com/api/public/businesses/carole-llc-ia
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.

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