Community Business Development Corporation (CBDC) Gateway Business Valuation and Succession Planning
$7,500.00
Grant
Description:
The Business Valuation and Succession Planning program is accessible to commercial enterprises in the service area of CBDC Gateway. 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.
Continuous Intake
Eligibility:
Applicants must:
1. be small businesses operating in the service area of CBDC Gateway, 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 Gateway team through:
Phone: (709) 695-7406
https://www.cbdc.ca/contact.
Other Things to Note:
About the author
Maurice
