Community Business Development Corporation (CBDC) Labrador 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 Labrador. 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 Labrador, 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 Labrador team through:
Phone: (709) 896-5814
https://www.cbdc.ca/contact.
Other Things to Note:
- All
- and Mud Lake.
- Black Tickle
- Capstan Island
- Cartwright
- Charlottetown
- Churchill Falls
- Forteau
- Happy Valley-Goose Bay
- Hopedale
- L'anse Au Clair
- L'anse Au Loup
- Labrador
- Labrador City
- Lodge Bay
- Makkovik
- Mary's Harbour
- Nain
- Natuashish
- Newfoundland and Labrador
- Non-profit Organization
- Norman Bay
- North West River
- Pinsents Arm
- Pinware
- Port Hope Simpson
- Postville
- Red Bay
- Rigolet
- Rural Resident
- Sell or Close a Business
- Sheshatshiu
- St. Lewis
- Wabush
- West St. Modeste
About the author
Maurice
