Lim played collegiate ball at San Beda College where he was a member of the last championship team that won the NCAA crown in 1978 (it was then followed by a 28-year title drought that ended in 2006).

In 1986, he was acquired by new team Alaska Milkmen and Lim shared playmaker roles with Marte Saldaña and later on with Ric-Ric Marata.

[7] In 2012, he resigned, just before he was set to serve a two-year ban from the NCAA for getting involved in a brawl with then San Sebastian College-Recoletos volleyball head coach Roger Gorayeb.

After the team suffered another early exit in the 2015 PBA Commissioner's Cup, he was appointed head coach of the Gin Kings, replacing Agustin.

The Philippine Basketball Association suspended Lim for a game, also well as giving him a fine along with Abueva, Johnson, and Tenorio for their respective roles in the incident.

[13] With the onset of the COVID-19 pandemic, University of Perpetual Help System DALTA shut down its athletic program, suspending contracts of its coaches, including Lim's.

[15] Lim is set to serve his PBA suspension from his last stint with Ginebra in 2015 on the Abueva incident on his supposed first game on charge at NLEX.