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

Explanation:

Step1: Analyze business - loan needs

Glenn and Maggie need a loan for business expansion.

Step2: Evaluate each option

A credit - union is mainly for members' savings and small - scale loans. A savings and loan is more focused on home - related lending. An investment bank deals with complex financial transactions like underwriting and mergers. A commercial bank provides loans for business operations and expansions.

Answer:

C. a commercial bank