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 a loan to expand an existing business, so they should look for an institution that commonly provides business loans and other services to companies. Commercial banks serve businesses and can finance expansion. A credit union and a savings and loan primarily focus on individuals and household lending, while an investment bank typically helps with activities such as issuing securities or mergers.

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