glenn and maggie own a regional chain of juice bars and are looking to expand in the coming year. they…

glenn and maggie own a regional chain of juice bars and are looking to expand in the coming year. they already have fifty shops, but they know they will need a loan to reach their goal of one hundred twenty five shops. which type of banking institution is most suitable for glenn and maggies business?\n\n a credit union\n\n a savings and loan\n\n a commercial bank\n\n an investment bank

glenn and maggie own a regional chain of juice bars and are looking to expand in the coming year. they already have fifty shops, but they know they will need a loan to reach their goal of one hundred twenty five shops. which type of banking institution is most suitable for glenn and maggies business?\n\n a credit union\n\n a savings and loan\n\n a commercial bank\n\n an investment bank

Answer

Brief Explanations:

Commercial banks offer business - related loans for expansion. Credit unions mainly serve members, savings and loan associations focus on home - related lending, and investment banks deal with complex financial transactions like underwriting. For a business looking to expand with a loan, a commercial bank is the most common choice.

Answer:

C. a commercial bank