Live Oak Bank, headquartered in Wilmington, NC, the nation’s only bank whose sole mission is to provide financing to independent business owners, announced that it has  funded a multi-million dollar FEC transaction to Florida FEC operator GameTime, refinancing existing loans and providing 100% of the new capital needed to remodel GameTime’s flagship location in South Miami, Florida.

“Live Oak Bank had a unique, personal touch,” said GameTime CEO Michael Abecassis. “They took the time to visit each of our locations, and spent one-on-one quality time to discuss my vision and goals. I feel as if we structured the perfect loan and moreover I really have a partner in Live Oak moving forward.”

“We are committed to making a difference in the amusement industry,” said Live Oak Bank FEC Expert Ben Jones. “It is a great feeling to help people do meaningful things. Having access to both experience and capital is a positive change in the industry, and we are excited to continue to fund success.”

About GameTime

Founded in 2005 and headquartered in Davie, Fla., GameTime operates two high-volume entertainment venues and four inline, arcade-style amusement centers. For more information, please visit www.gametimeplayers.com.

Contact:
Sarah Carroll, Marketing Programs Manager, Live Oak Bank
910.550.2308 office
sarah.carroll@liveoakbank.com

Live Oak Banking Company. Member FDIC. 2014 Live Oak Banking Company. All rights reserved.