Your business is in desperate need of cash to pay its current due bills. Currently, you have a lot of accounts receivables on your books, but can not wait to be paid. Use the internet to search for various companies that provide factoring services for receivables. Choose a specific factoring company and answer the following questions:

• Which company are you using to factor your receivables?
• What is the average fee or range charged on the receivables?
• How quickly will your company be paid in cash?
• What are some of the advantages of using a factoring company? What are the disadvantages of using a factoring company?
• In your opinion, should your company use a factoring company to pay its bills or are there any other options? Explain.