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

Question

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

Warriorz13 · Answer

@JustSaiyan

JustSaiyan · Answer

I am gonna have to say B. It is essentially what they are looking for, being that their business aren't large enough to have much worth in shares yet