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 maggie’s business?
○ a credit union
○ a savings and loan
○ a commercial bank
○ an investment bank

Explanation:

Credit unions focus on members, savings and loans prioritize residential lending, investment banks handle large corporate finance/securities. Commercial banks specialize in providing business loans for small to mid-sized business expansion, which matches Glenn and Maggie's need to fund growing their regional juice bar chain.

Answer:

C. a commercial bank