Open
CBDC Business Valuation and Succession Planning
Support for business valuation and succession planning
Last Update: April 9, 2026
Funding available
$ 7,500
Timeline
- Open Date : June 15, 2022
Location
Newfoundland and Labrador, Canada
Overview
This program supports business valuation and succession planning for small businesses preparing to transfer ownership. It covers 75% of eligible costs, up to $7,500, to help determine business value and attract potential buyers.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Complete an acquisition or business transfer
- Access new markets
Eligible Funding
- Maximum amount : 7,500 $
- Up to 75% of project cost
Timeline
- Open Date : June 15, 2022
Eligible candidates
Eligible Industries
- All industries
Location
- Newfoundland and Labrador
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Business valuation for ownership transfer planning.
- Succession planning for an existing business.
- Promoting the business opportunity to potential buyers.
Official resources
Eligibility
Who is eligible?
- Small businesses.
- Commercial businesses.
Eligible expenses
- Business valuation services.
Eligible geographic areas
- CBDC-governed regions in Newfoundland and Labrador.
How to apply
1
Check Eligibility
- Ensure your business operates in a CBDC governed region in Newfoundland and Labrador.
- Verify your business is in good standing with CRA, ACOA, and Government of NL.
2
Prepare Required Documentation
- Gather documents proving your business's eligibility.
- Engage a qualified consultant to assist with a business valuation.
3
Application Fee
Prepare to pay an application fee of 3%, up to a maximum of $300.
4
Share Business Opportunity
Agree to have your business opportunity listed on businessatlantic.ca.
5
Contact CBDC
- Reach out to your local CBDC for specific application details and assistance.
- Inquire about the process for submitting your application.
6
Complete and Submit Application
- Follow instructions provided by CBDC to complete your application.
- Submit your application to the appropriate CBDC office before the deadline, if applicable.
7
Await Confirmation
Once submitted, wait for confirmation from the CBDC regarding your application status.
Additional information
- Application fee of 3%, up to $300.
- Applicants must work with a qualified consultant.
- The opportunity must be shared on businessatlantic.ca.
Contacts
Frequently Asked Questions about the CBDC Business Valuation and Succession Planning Program
What is the CBDC Business Valuation and Succession Planning?
This program supports business valuation and succession planning for small businesses preparing to transfer ownership. It covers 75% of eligible costs, up to $7,500, to help determine business value and attract potential buyers.
How much funding can be received?
CBDC Business Valuation and Succession Planning Funds up to 75% of admissible expenses, capped at $7,500 per project.
Who is eligible for the CBDC Business Valuation and Succession Planning program?
To be eligible for the CBDC Business Valuation and Succession Planning program, you must:
Small businesses in a CBDC region.
Preparing to transfer ownership.
Good standing with CRA, ACOA, and NL.
What expenses are eligible under CBDC Business Valuation and Succession Planning?
Business valuation for ownership transfer planning.
Succession planning for an existing business.
Promoting the business opportunity to potential buyers.
Who can I contact for more information about the CBDC Business Valuation and Succession Planning?
You can contact Community Business Development Corporations (CBDC) or by phone at 1-888-303-2232.
Where is the CBDC Business Valuation and Succession Planning available?
The CBDC Business Valuation and Succession Planning program is available the province of Newfoundland and Labrador.
Is the CBDC Business Valuation and Succession Planning a grant, loan, or tax credit?
CBDC Business Valuation and Succession Planning is a Other Support