What are at least two (2) actions that Trevose Fitness Center (TFC) could take in order to raise capital that will, in turn, enable it to achieve its expansion goals? 

Debt financing involves taking out a loan from either a bank or another source of funds in exchange for repaying the loan with interest over an agreed upon period of time. This option enables TFC to access large sums of money without giving up ownership rights, however the downside is that any default on repayment can put the business at risk of legal action from creditors.

Equity financing involves selling shares of ownership in TFC to investors in exchange for funds which can then be utilized towards expansion efforts. This approach does not require immediate repayment as there are no fixed payments obligations attached; furthermore dilution of ownership is minimal since new shareholders participate only in future profits generated by TFC’s activities and do not have voting rights associated with their investment until a certain point. The main disadvantages of this option include higher costs due to paying dividends/distributions as well as fewer tax benefits compared with debt financing.

In summary, both debt and equity financing represent viable options for raising capital when it comes to expanding the operations at Trevose Fitness Center; each choice has its own set advantages and drawbacks though so careful consideration should be taken before making any major decisions regarding these matters.