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How much can I borrow with a Limba loan?Limba offers loans between $5,000 and $100,000.
What types of businesses are eligible for a Limba loan?Limba supports growing businesses across almost any industry. Our clients may be sole traders looking to grow, established entrepreneurs taking the next step, or small businesses looking to expand operations.
What can I use my business loan from Limba for?A Limba loan can be used for lots of purposes. Whatever plans you have for consolidating or growing your business, Limba could support you with a welcome and timely cash flow boost.
When will I receive my Limba loan funds?Limba generally offers same-day approval for loans, which means funds can be deposited in your account the next day.
How long does the approval process take?We aim to provide a decision on your loan application within hours. Simply complete the 5-minute online application and one of our lending specialists will contact you to discuss your needs.
What if I need help with my Limba loan application?We are all about personal service. So if you want to talk to an experienced loan specialist directly, they’re only a phone call away. They’ll listen to your needs, and create a repayment schedule that supports your goals.
How do I make repayments on my business loan?Your repayments are made by direct debit – so you can just set and forget. Simply choose the repayment schedule that works best for you – weekly, fortnightly or monthly – and we’ll arrange the rest.
How long will I have to repay my business loan?With Limba, you can choose a repayment term of between 3-12 months. Our friendly advisers will help you choose a term that suits your needs, but also gives you the breathing room you need.
How will you assess my transaction history?We may ask to see evidence of your income and expenses. The quickest way to upload these is through our secure, automated bank verification system, which keeps all your banking details encrypted. Call our specialists to learn more.
Is my business loan secured?That Depends. With a Limba loan, our Credit Specialists will discuss with you the best options available to you, secured or unsecured .
Is Limba loans a nationwide business?Yes, we operate Australia-wide, so wherever your business is based, you can contact us for a fast, flexible business loan solution.
Do you fund start-up businesses?Unlike the big banks, who typically insist on a minimum 2-year trading history, Limba supports businesses with as little as 6-months’ trading, provided they have an ABN and transaction history.
What do I need to apply for a Limba loan?To get your loan application underway, all you need is a driver’s licence, an ABN, your business bank details and a 6-month trading history.
What documents will I need to provide when applying?Prior to approving your loan, we may ask to see additional financial documents, including an BAS Statements, tax return or financial year-end statements.