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○ a credit union\n○ a savings and loan\n○ a commercial bank\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○ a credit union\n○ a savings and loan\n○ a commercial bank\n○ an investment bank

Answer

Brief Explanations:

Commercial banks typically offer business - related loans for expansion. Credit unions are member - owned and may have more limited loan offerings for large - scale business expansion. Savings and loan institutions mainly focus on home mortgages and savings. Investment banks are more involved in underwriting securities and mergers rather than providing regular business loans for expansion like opening more juice bars.

Answer:

C. a commercial bank