Short term loans for funding gst.
When buying commercial property sometimes there is a need for gst funding.
Even though the money will normally come back, there is a cash flow issue at settlement.
Below is an example:-
Purchase price of $1.3m plus gst, so in reality $1.43m is needed for settlement.
Term loan of $1m
Short term loan of $130 for four months to be repaid once gst is refunded.
To know more please call us.