Growing a business often requires access to the right kind of financing at the right time. Whether you are expanding your office, purchasing equipment, or investing in commercial real estate, having a trusted financial partner makes all the difference.
At First National Bank of Mount Dora, we specialize in commercial mortgages and business loans designed for local business owners in Lake County, FL. Unlike larger national banks, our loan decisions are made right here in the community. That means you get:
- Flexibility – we create financing solutions tailored to your individual business needs.
- Local decision-making – our loan officers know Lake County’s business climate and take the time to understand your goals.
- Faster approvals – decisions are made right here, without long corporate delays.
Types of Business Loans Available
Every business is unique, so FNBMD provides a range of financing options to help you manage cash flow, purchase property, or invest in future growth.
Term Loans
Term loans are structured repayment loans for specific business needs:
- Purchase Money Loans – financing to buy assets or property for your business.
- Equipment Loans – purchase or upgrade machinery and tools.
- Vehicle Loans – finance company cars, trucks, or commercial vehicles.
- Secured Loans – backed by collateral to keep rates competitive.
- Unsecured Loans – no collateral required, based on credit strength.
- Lines of Credit – revolving funds to cover working capital needs.
- Letters of Credit – support business transactions or vendor agreements.
Real Estate Loans
Financing solutions for commercial property:
- Purchase Money Mortgage – buy a new office, warehouse, or retail space.
- Refinance Loans – restructure existing mortgages for better terms.
- Construction Loans – fund new building projects or expansions.
- Investment Property Loans – purchase income-generating real estate.
- Office Improvement Loans – remodel or renovate your existing space.
- Time/Demand Loans – short-term options for flexible borrowing.
- Commercial Lines of Credit – maintain liquidity for real estate projects.
- Letters of Credit – ensure reliable financing for development or investment deals.
Why Choose a Local Bank for Your Commercial Mortgage?
Business owners often wonder whether they should work with a large national bank or a local institution. Here are some advantages of choosing FNBMD:
Pros of Working with FNBMD
- Local decision-makers who understand Lake County’s business environment.
- Flexible loan structures instead of one-size-fits-all programs.
- Faster turnaround on applications and approvals.
- A relationship-driven approach—your banker knows your business personally.
Potential Considerations
- Loan amounts may be more customized to your local market needs rather than standardized national scales.
- Larger banks sometimes offer nationwide branch access, but with less personalization.
Frequently Asked Questions About Commercial Mortgages
What is a commercial mortgage?
A commercial mortgage is a loan used to purchase, refinance, or improve real estate that is used for business purposes.
Can I get a commercial mortgage for an investment property?
Yes. FNBMD offers investment property loans to help business owners purchase or refinance income-producing real estate.
What is the difference between a term loan and a line of credit?
A term loan is a lump sum with fixed repayment terms. A line of credit gives you ongoing access to funds that you can borrow, repay, and borrow again—ideal for managing cash flow.
How quickly can I get approved?
Because loan decisions are made locally, FNBMD can typically provide a faster turnaround compared to large institutions.
Do you offer construction loans for new business facilities?
Yes, our commercial construction loans help cover the costs of building new offices, warehouses, or retail locations.
Supporting Business Growth in Lake County
At First National Bank of Mount Dora, we believe in helping local businesses succeed. Whether you need a commercial mortgage, a line of credit, or a term loan, our team of experienced local bankers is here to guide you through the process.
Ready to explore financing options? Contact our commercial lending team today to discuss your business goals.