A company operating in the sanitary ware industry has sold its finished goods to a wholesaler worth of 5 million EGP on credit. It is expected that these accounts receivables would be liquidated in 90 days. However, the company is in deep need of instant financing to continue its operations without facing a liquidity squeeze.

a) What is the best way the company can solve its problem knowing that there is no room in the credit facility granted to it by the bank to claim additional funds?

b)Provided that the company they resort to requires an interest rate of 18%, what would be the amount of instant financing they could claim instantly?