• Family entertainment centers
  • bumper boat financing
  • mini golf financing

Family Entertainment Centers Overview

Lenders from your industry serving your industry. Imagine speaking to a lender who understands Family Entertainment Centers (FEC) and small parks, so you don’t have to explain the terminology and nuances specific to your industry. This saves you headaches and allows us to establish a meaningful business relationship with you.From miniature golf to roller skating rinks; arcades to bowling centers; go-karts to waterparks, Live Oak Bank provides financing for expansion, remodeling, new construction, acquisition, succession planning, and refinancing. Our team of FEC experts and lending specialists will become trusted partners helping you discover unique opportunities to grow your business.

live oak bank family entertainment center loan


Family Entertainment Centers and small parks have often faced challenges obtaining business loans. Live Oak pinpointed an under-served need in the community and strives to fill that void.  Our dedicated lenders guide clients through the acquisition process with knowledge and experience, aiding in the success of the loan. Our relationship with our clients extends beyond loan closing to ensure a lasting relationship focused on the success of the business.
Our lending process is unique. We pair our FEC industry knowledge with an internal construction team, who works with third party vendors to ensure the project can be completed on budget. We offer real-time, automated checklists so customers never have to guess where they are in the lending process. 
Live Oak knows factors unique to the FEC industry, and is able to guide customers through the refinancing process. We deliver fast and efficient financing. With competitive rates and outstanding service, Live Oak makes refinancing an attractive option. 


Our Background In Lending

At Live Oak Bank, we have a dedicated, highly-specialized lending team processing your Family Entertainment Center loan from application through closing. From Senior Loan Officer to loan closing specialist, each person who touches your loan is fully dedicated only to your industry.


Kay A. Anderson
Kay A. AndersonSenior Loan Officer
Kay originally started working in SBA lending with other members of the Live Oak Bank team at VST Financial Services and is pleased to have reconnected with everyone again. Formerly, Kay managed the franchise lending section of TransAmerica Small Business Capital, was with Temecula Valley Bank and Mountain 1st Bank. She gained her CPA experience in the taxation department at Ernst & Young and also taught taxation classes at Western Michigan University.
Ben Jones
Ben JonesSenior Lender - FEC Expert
Prior to joining Live Oak Bank, Ben Jones played a key role with IAAPA expanding FEC programming and counseling FEC members on business practices. His previous experiences include President of RECreation & Entertainment Consultants, Inc. (“REC”), which provides advisory and strategic development, management, and training services to developers and planners operating within the entertainment industry.
Margaret Paul
Margaret PaulLoan Officer
Margaret Paul is a Loan Officer/Underwriter for Live Oak Bank and is responsible for structuring, examining, evaluating, and recommending the approval of loan applications on behalf of prospective Live Oak borrowers. She joined the Bank in 2011 as a Relationship Manager working with existing customers before becoming an Underwriter. Margaret graduated from Washington & Lee University with a Bachelor’s Degree in Economics.

Why Partner with Live Oak Bank?

  • Up to 100% financing
  • Over $600 million in dental, veterinary & medical construction loans successfully funded since 2008
  • Flexible & efficient closings to meet borrowers’ needs
  • Streamlined process with minimal paperwork
  • Knowledgeable & experienced team
  • Cash-flow driven lending
In the application phase, a lending team member will work directly with you to gather all information needed to prequalify you for your loan request. We strive to simplify the loan process, make it easy for you to provide your information, and keep you informed along the way. Technology allows us to give you real-time updates on loan status and offer direct interaction with your loan team members.

Here you will submit financial documents necessary for your loan approval. You will work directly with the Underwriter assigned to your loan. The Underwriter will gather your financial documents and learn your story, advocate for you and assist you throughout the review process. Specific questions regarding paperwork can be addressed directly to your Underwriter. When your loan is approved, you will receive a commitment letter with the terms and conditions of the loan.

Closing is the final phase of your loan. A loan closing specialist, or closer, will contact you to schedule a kick-off call. Your closer will then review all documents needed to complete the loan. Documents can be submitted as completed. Your closing team will also assist in reviewing document drafts prior to signing, to ensure all necessary information is included. We’ve automated this process to ensure efficiency and clear communication throughout the funding of the loan. Real-time, automated checklists are provided to illustrate your loan progress.


Live Oak Loan Program Details

Whether your needs include the purchase of new games and attractions, remodeling, expanding your space, refinancing to improve cash flow or in combinations that meet your objectives we want to work with you.
Up to $5,000,000
Up to 100% Financing
We offer both fixed and variable rates that are competitive in your marketplace.
Up to 25 years for loans involving real estate, 10 or more years for loans involving equipment, renovations or new attractions. All of our loans are fully amortizing with no calls or balloon payments.
No minimum collateral coverage requirements.
Customary closing costs and fees, none of which are paid to Live Oak Bank, can be financed as part of the loan amount.
Borrower should have 3- 5 years of FEC or small parks industry experience.

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