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Glossary ·Turnaround & Restructuring

Lender Forbearance

Also known as: Forbearance Agreement
Definition

Lender forbearance is a negotiated pause in enforcement after a borrower misses a covenant, payment, reporting requirement, or other obligation. It typically requires a cash forecast, milestones, fees, reporting cadence, and a credible turnaround plan.

Forbearance is not forgiveness. It buys time only if management uses the window to stabilize cash, communicate clearly, and hit milestones.

The stronger the 13-week cash forecast and operating plan, the more credible the request.

Related terms

Where this gets applied

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