FAQ

Invoice Finance is a type of finance facility that allows a business to improve their cash flow by borrowing against their unpaid invoices rather than having to wait for payment in line with agreed credit periods from customers.

Invoice Finance can be arranged with Muse Finance in as little as 24 hours and is a sustainable and flexible solution that can grow with your business. This way, as your turnover increases, so will your access to funds! Overdrafts present limitations most notably in setup time and less flexibility.

Great question! Muse Finance has developed an App that you can download from the Google Play or App Store for FREE. After you’ve downloaded it, you can integrate your business bank account and accounting package to understand your 30, 60 and 90 day cash position.

If you’re interested in improving your cash flow, you simply complete the Onboarding within our Muse Finance App and our Team will help you choose the correct Invoice Finance solution for your business.

Typically you can expect to receive anywhere between 80% - 95% of each invoice value. The Muse Finance team will be able to determine how much you will receive from each invoice in early discussions.

Yes - we will need to contact your customers from time to time to verify the invoices you wish to finance. This can be completed via telephone, email or supplier portal and can also be done on a confidential basis, if necessary.

Muse Finance will pay the agreed funds directly into your business bank account. Your customers will be required to pay Muse Finance into a trust account which we arrange in your business name.

A trust account is a bank account that Muse finance will open in your business name. Funds in this account will be managed by Muse Finance. We’ll ask that you use these account details for all invoices that will be funded within your facility.

Within minutes - everything can be easily completely from your phone! The Know Your Customer and Anti-Money Laundering checks and linking your bank and accounting package can be completed on the App while signing your contract and all required documentation will be completed via Docusign.

Yes. Your contract will outline important information such as the type of facility, the fees associated with it as well as the type of security required among other important details regarding the operation of the invoice finance facility.

Bad debt protection will be included for all your customers. It’s important that in the event your customer becomes insolvent, you can still receive payment against the invoices you have raised to them and which form part of the Invoice Finance facility.

In all cases, except invoice discounting, our team will provide you with what is referred to as a notice of assignment. This is standard wording that we require you to display clearly on all invoices which Muse Finance have agreed to fund and which you issue and send to your customers. We may also issue direct notices of assignment whether we agree to fund invoices which you have delivered before the commencement of the invoice facility.

Yes. Muse Finance will assess what level of security is required as part of the Onboarding. This may include a Debenture and a Personal Guarantee.

A debenture creates charges over the assets and business of a limited company which is registered in favour of Muse Finance for all sums owed by the company from time to time. It is a form of security that will be required when you choose to open an invoice finance facility with Muse Finance.

A personal guarantee is another separate form of security by which an individual guarantees the performance of the company’s obligations under the invoice finance facility to Muse Finance.

Yes we can! Get in touch with us today to find out more.

Of course we can help! We will get in touch with your current provider and help make the transfer process to Muse Finance as smooth and pain-free as possible.

We move fast. We’re fully tech-enabled for swift onboarding and setup. We offer solutions that give you the flexibility you need. We can fund a single invoice, help you select invoices to fund or look at funding your whole portfolio. We give you peace of mind and the ability to ‘try before you buy’!