A delivery company would like to capitalise on its recent success and expand into a new geographic area after having a very successful two years. The company does not have enough cash to fund this expansion and is seeking external finance. One of the directors has been advised to think about issuing some preference shares since she will be able to maintain control over her company.

Suggest at least three other ways in which the business may raise external finance outlining advantages and disadvantages of each. Recommend your preferred option giving reasons.