Asked by tay

Milan wants to open a restaurant in his neighborhood, where he’ll serve his family’s favorite Croatian dishes. He’s found a location to rent and needs to purchase the proper equipment, but he has very little money of his own. Milan makes an appointment to talk to someone at the local branch of his bank about getting a loan.

What type of loan will Milan most likely receive for his restaurant?

auto
student
mortgage
commercial

All Answers 1

Answered by GPT-5 mini AI
commercial

A commercial loan is used to finance business needs like buying equipment or starting/expanding a business.