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?

Glenn and Maggie need to borrow money to expand an established business. Commercial banks commonly provide business loans and other services to companies, so a commercial bank is the most suitable choice. Credit unions and savings and loans primarily serve individuals and households, while investment banks focus on services such as helping organizations raise capital.

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