Community Business Development Corporation (CBDC) Gander Business Valuation and Succession Planning

Amount:

$7,500.00

Type:

Grant

Description:

The Business Valuation and Succession Planning program is accessible to commercial enterprises in the service area of CBDC Gander. CBDC and small businesses in rural areas will collaborate with professional appraisers to assess the financial worth of an owner’s stake in a business. This process assists businesses in establishing the selling price for an established enterprise.

Comments on Funding:

Funding is a contribution of 75% of eligible costs to a maximum of $7,500.

Deadline:

Continuous Intake

Eligibility:

Applicants must:
1. be small businesses operating in the service area of CBDC Gander, that are actively preparing to transfer ownership of the business;
2. be businesses in good standing with CRA, ACOA and Government of NL;
3. work with a qualified consultant;
4. agree to share the opportunity on businessatlantic.ca.

Application Steps:

Applicants must:
1. contact the CBDC personnel for further details,
2. pay an application fee of 3%, to a maximum of $300.

Documentation Needed:

For details about documentation requirements, applicants must reach out to CBDC Gander team through:
Phone: (902) 533-2770
https://www.cbdc.ca/contact.

Other Things to Note:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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