O'Level  &

A bank loan can be leant to Adele to open a second dance school however, she may have to pay high interest rates which can result in debts for the business if it isn't succesful. However, Adele can consider expanding her business through bank overdrafts because they can vary per month unlike unlike a loan, allowing Adele to have access to more money. On the other hand, interest rates can vary over time and could increase. I think that the best decision for Adele's expansion would be a bank loan as it can be gained in a short amount of time and interest rates aren't high, so she would be able to obtain her 8000 dollars and use her monthly profits to repay the loan.