Amit's Business Recovery: ₹15L Loan Settlement

Amit's Business Loan Settlement Success

Amit Patel, a small business owner from Bangalore, was facing the threat of business closure due to mounting business loan debt. The COVID-19 pandemic had severely impacted his revenue, making loan payments impossible.

The Challenge

Amit had taken a business loan of ₹15,00,000 to expand his manufacturing unit. When the pandemic hit, his business revenue dropped by 70%, making it impossible to service the loan.

Our Solution

We worked with Amit to negotiate a business loan settlement that would allow his business to survive and recover. Our strategy included:

• Detailed business financial analysis
• Negotiation with the bank for debt restructuring
• Legal documentation to protect the business
• Structured payment plan based on business recovery

The Result

We successfully negotiated a 50% reduction in Amit's business loan debt. His debt was reduced from ₹15,00,000 to ₹7,50,000, saving his business from closure.

Key Takeaways

• Business loans can be restructured during financial distress
• Professional negotiation protects business interests
• Legal expertise is crucial for business settlements
• Structured plans allow business recovery