Community Business Development Corporation (CBDC) Eastern 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 Eastern. 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 Eastern, 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 Eastern team through:
Phone: (709) 466-1170
https://www.cbdc.ca/contact.
Other Things to Note:
- All
- and all communities on the Bonavista Peninsula
- Between Arnold’s Cove to Port Blandford
- Eastern Region
- George’s Brook – Milton to Burgoynes Cove
- Goobies to Swift Current
- Newfoundland and Labrador
- Non-profit Organization
- Random Island
- Rural Resident
- Sell or Close a Business
- Southwest Arm (Queens Cove to Southport)
About the author
Maurice
