Community Business Development Corporation (CBDC) Humber 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 Humber. 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 Humber, 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 Humber team through:
Phone: (709) 639-7755
Tobi Biggin, Executive Director – tobi.biggin@cbdc.ca
Other Things to Note:
- All
- and Howley); White Bay South (Hampden
- Benoit’s Cove
- Bonne Bay
- Cormack
- Corner Brook and Area (Town of Massey Drive); the North and South Shores of the Bay of Islands (Hughes Brook
- Cox’s Cove
- Deer Lake
- Gillams
- Glenburnie-Birchy Head-Shoal Brook
- Humber Valley Resort
- Humber Village
- Jackson’s Arm and Sop’s Arm); and the Bonne Bay area (Wiltondale
- John’s Beach and Frenchman’s Cove)
- Little Rapids
- McIvers
- Meadows
- Mount Moriah
- Newfoundland and Labrador
- Non-profit Organization
- Pasadena
- Pynn’s Brook
- Reidville
- Rocky Harbour and Norris Point).
- Rural Resident
- Sell or Close a Business
- the Town of Irishtown-Summerside
- Town of Humber Arm South (which include the communities of Halfway Point
- Trout River
- Western Newfoundland
- White Bay South
- Woody Point
- York Harbour and Lark Harbour); the Humber Valley Region (Steady Brook
About the author
Maurice
