Question

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?

a credit union
a savings and loan
a commercial bank
an investment bank

Explanation:

Commercial banks are known for providing business - related loans for expansion. Credit unions mainly serve their members with more limited lending scope. Savings and loans focus more on residential mortgages. Investment banks are mainly involved in underwriting securities and mergers - acquisitions, not typical business expansion loans.

Answer:

C. a commercial bank