From One to 14 Bowling Centers with SBA Financing

Image of Larry Schmittou

In 2000, Larry Schmittou started L&S Family Entertainment, LLC ( L&S). In 2009, Mr. Schmittou wanted to expand beyond one bowling center. In 2017, Mr. Schmittou again wanted to expand this business with additional centers

To purchase a new bowling center, L&S was approved for a $1.6 million SBA guaranteed loan from Columbia State Bank in 2009. To purchase additional bowling centers, L&S was approved for six additional loans under the SBA 504 Loan Program.

L&S started with one bowling center in 2000 and now has 14 centers in four states. In 2000, L&S began with 20 employees and today has 419 employees. L&S went from $18.2 million in sales in 2015 to over $20 million in 2017. In 2018, L&S increased hourly wages for their employees and awarded larger bonuses to managers for excellent performance as a result of the Tax Cuts and Jobs Act of 2017.

This article does not constitute or imply an endorsement by the SBA of any opinions, products, or services of any private individual or entity.