Some of our property developer customers have recently asked us to provide short-term loans to fund their GST costs while waiting to receive ATO refunds. We were pleased to be able to help them.
GST costs are often a short-term expense for many of our clients, arising from property acquisitions and developments. However, securing financing for these costs can be difficult because it is only required for a short period of time until refunds are received. This makes it challenging for businesses to obtain traditional senior financing to cover these costs.
Limba Finance offers GST funding facilities to bridge this gap. These facilities provide short-term financing to cover GST costs until refunds are received. By providing a quick and easy financing solution for GST costs, businesses can focus on running their operations without worrying about cash flow issues.
Limba Finance’s GST funding facilities are tailored to meet the specific needs of each business, with flexible repayment terms and competitive interest rates. The application process is also streamlined and efficient, allowing businesses to access funds quickly and easily.
In addition to GST funding facilities, Limba Finance offers a range of other financing solutions, including bridge loans, development loans, and valuation shortfall loans. With a team of experienced professionals and a deep understanding of Australian real estate markets, Limba Finance is well-equipped to provide innovative and tailored financing solutions to businesses of all sizes and industries. If you need tailored, flexible loans of up to $2 million that can work alongside your other funding lines then please get in touch.