Community Business Development Corporation (CBDC) Central Newfoundland Business Valuation and Succession Planning
$7,500.00
Grant
Description:
The Business Valuation and Succession Planning is available for commercial businesses in the service area of CBDC Central Newfoundland. Professional valuators will be engaged directly by CBDC and small businesses in rural communities to estimate the economic value of an owner’s interest in a business in order to help businesses determine the sale price of an existing business.
Comments on Funding:
Funding is a contribution of 75% of eligible costs to a maximum of $7,500.
Continuous Intake
Eligibility:
Applicants must:
1. be small businesses operating in the service area of CBDC Central Newfoundland, 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 Central Newfoundland team through:
Phone: (709) 489-4496
https://www.cbdc.ca/contact.
Other Things to Note:
About the author
Maurice
