Amusement machine manufacturer Bob’s Space Racers has announced that they’ve begun working with Live Oak Bank for a financing deal on the manufacturer’s growing roster of FEC games.
“We wanted to put something together for our market that was new and fresh, and financing enables our clients the opportunity to experience these terrific products,” said Ron Malinowski, Director of New Business and Strategy at Bob’s Space Racers.
Live Oak specializes in serving small businesses and has a lot of experience working in the amusement industry. Combined with Bob Space Racer’s long history of creating amusement-focused games, the two companies are excited to bring new offers to those interested.
“The great thing about Live Oak is that we can put together a custom financing solution for an FEC owner looking to purchase new games from Bob’s Space Racers. Our new express loan is a great fit for games-the process is expedited and online so owners can get their funds in as few as 10 days,” said Marien Stark, FEC Loan Officer at Live Oak Bank.
“We’re excited to have this express loan offering for the FEC industry. Qualifying owners can quickly get the funds they need for new games, equipment and working capital with terms that won’t eat through their cash flow. We want to do business with FEC owners, not hinder it,” Stark concluded.