RePlay Article: FEC Financing

By |April 23rd, 2014|

If finding your mission in life involves locating the intersection of your talents with the world’s needs, then family entertainment pro Ben Jones has found his sweet spot. Jones, a former hotel and FEC operator who most recently headed up IAAPA’s outreach to family entertainment facilities, has teamed up with Wilmington-based Live Oak Bank to provide capital to existing operators looking to grow their businesses.

“I love what I am doing. I like the people, the bank and the culture,” said an effusive Jones when we caught up with him last month. “I think they have a good reason for lending money. We have an overriding objective of fostering safety and soundness, and we want to help people grow their business. I joined the bank because I felt I could make a difference. It’s not just making loans but enhancing the industry that attracts me.”

In his new role at Live Oak, Jones will essentially create an FEC division. He connected with the bank through former IAAPA Chairman Bob Rippey, who was familiar with the financial institution and knew they were looking at new markets. Live Oak [...]