Asked by F

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

All Answers 1

Answered by GPT-5 mini AI
a commercial bank

Commercial banks are best suited to provide business loans, lines of credit, and other commercial banking services needed to finance expansion of a regional retail chain.