Wednesday Keynote Address and Awards Presentation

Wednesday, October 16, 2019 | 1:00 - 1:30 pm | Broadway Ballroom

Keynote Speaker

Larry Schmittou, Owner
L&S Family Entertainment

Larry Schmittou is a Nashville resident and a graduate from Peabody Teacher’s College (now part of Vanderbilt University). Larry has always had a love for sports and spent the majority of his career as a coach, recruiter, and giving back to the community. Larry launched his coaching career as a teacher in the Nashville public school systems where he served as a head football and basketball coach. From there he moved on to multiple coaching positions at local high schools eventually becoming Vanderbilt University’s head baseball coach and head baseball and football recruiter.

In 1978 Larry gathered a group of investors together with the intention of bringing professional baseball back to the city of Nashville. Since then, the group has owned nine different minor league teams. Larry had much success in his tenure in college and professional baseball, winning numerous awards such as “SEC Coach of the Year.” In 1996, Larry was inducted into the Tennessee Baseball Coaches Hall of Fame.

In August 2000, Larry founded S&S (now L&S) Family Entertainment, LLC to create family fun centers focused around bowling. Within eight years, L&S became the fourth largest bowling chain in the world with thirteen family fun centers and 502 lanes. With the assistance of six SBA 504 loans, the business has grown to fourteen centers and L&S has employed over 500 employees.

The 2019 CDC and Borrower Diamond Awards Series

The NADCO Diamond Awards Series, put simply, is a series of awards used to acknowledge CDC excellence in the area of economic development. Two awards will be given. We are calling them “Community Cornerstone” and “Ground Up.” Please see below for specifications on the awards:

Group I – (CDC $50M 504 portfolio or larger), “Ground Up” category
Group II – (CDC $50M 504 portfolio or smaller), “Ground Up” category
Group III – (CDC $50M 504 portfolio or larger), “Community Cornerstone” category
Group IV – (CDC $50M 504 portfolio or smaller), “Community Cornerstone” category

06/24 - Nominations open
09/03 - Nominations close & committee begins reviewing nominations
10/16 – Ground Up Diamond Award Presented at Luncheon
10/17 – Community Cornerstone Diamond Award Presented at Luncheon

Ground Up Diamond Award Description

The Ground Up Diamond Award will be awarded to a CDC and 504 borrower, which began with a startup 504 loan and has since grown far beyond initial projections.

Criteria and Assessment
SBA 504 nominees will be judged anonymously (with identifying information removed) based on the below elements. This borrower can be a borrower who has paid his or her 504 loan in full and does not need to be an active loan in a CDC’s portfolio. This borrower must have been a startup small business at the time of its initial 504 loan.
  • Small business borrower story
  • Community Impact
  • Any job information/specifics about growth since its founding

The 504 Lender Diamond Awards Series

The 504 Lender Diamond Awards are presented annually at the NADCO Annual Meeting to the most active 504 Lenders in two categories.

Large Bank - Over $1 Billion Portfolio
Small Bank - Under $1 Billion Portfolio