Business Loan Settlement

Amit's Business Recovery: ₹15L Loan Settlement

Amit's business was struggling with loan payments. We helped him settle for 50% and saved his business from collapse.

December 10, 2024
5 min read
Amit's Business Recovery: ₹15L Loan Settlement
Original Debt
₹15,00,000
Settled For
₹7,50,000
Savings
₹7,50,000
Percentage
50%
A

Amit Patel

Bangalore

₹15,00,000
Original Debt
₹7,50,000
Settled For
₹7,50,000
Total Savings
50%
Savings %

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

Quick Stats

CategoryBusiness Loan Settlement
PublishedDecember 10, 2024
Read Time5 min read

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Clients Helped
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Debt Settled
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Average Savings

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Amit's Business Recovery: ₹15L Loan Settlement | Loan Se Azadi