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 offer business - related loans for expansion. Credit unions are member - owned and may have more limited lending for large - scale business expansion. Savings and loan associations mainly focus on home - related lending. Investment banks are more involved in underwriting securities and mergers rather than providing business expansion loans for small - to medium - sized businesses like juice bars.

Answer:

C. a commercial bank