CBDC Business Valuation and Succession Planning
NS, Canada
Funding to conduct business valuations
grant_single|update January 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateJune 15, 2022
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Community Business Development Corporations (CBDC)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get up to $7,500 to cover a maximum of 75% of the eligible expenses to hire a professional valuator that will provide an estimate of your business value and enable you to set a sale price.
grant_single_labels|terms_and_conditions
This grant provides financial support for business valuations and aims to facilitate the smooth transition and ownership transfer of existing businesses in rural communities.
- Contributes 75% of eligible costs up to a maximum of $7,500 for conducting business valuations.
grant_single_labels|projects
Eligible projects for this grant involve initiatives focused on estimating the economic value of a business and facilitating the transition of business ownership. These efforts aim to support smooth succession planning and the showcasing of business opportunities to prospective buyers.
- Conducting business valuations to estimate the economic value of an owner's interest in a business.
- Preparing businesses for ownership transition through professional succession planning.
- Showcasing business opportunities in provincial, national, and potentially international markets to attract potential buyers.
grant_single|admissibleProjectsExample
$ 4,800
Perform a valuation of an artisanal bakery to aid in ownership transfer
$ 5,250
Conduct a valuation of a local coffee shop to determine the business's market value
$ 4,875
Obtain a professional valuation for a small tech startup
$ 5,250
Evaluate the going concern value of a small family-owned bookstore
$ 4,500
Assess the value of a local organic grocery store to facilitate ownership transfer
$ 4,500
Determine the valuation of a dog grooming business to set a sale price
grant_single_labels|admissibility
Eligibility for this program requires meeting certain conditions set forth for small businesses in specific regions and good standing with certain authorities.
- Small businesses must be operating in a CBDC governed region and actively preparing to transfer ownership of the business.
- Businesses must be in good standing with the Canada Revenue Agency (CRA), the Atlantic Canada Opportunities Agency (ACOA), and the Government of Newfoundland and Labrador.
grant_eligibility_criteria|who_can_apply
Small businesses operating in a CBDC governed region, that are actively preparing to transfer ownership of the business.Businesses in good standing with CRA, ACOA, and Government of NL.
grant_eligibility_criteria|eligible_expenses
This grant supports businesses in rural communities by providing financial assistance for business valuations and promoting succession planning. The eligible projects focus on assessing the economic value of businesses and showcasing opportunities to potential markets.
- Conducting business valuations with the assistance of professional valuators.
- Showcasing business opportunities in provincial, national, and international markets.
grant_eligibility_criteria|zone
This grant is accessible to small businesses situated in areas governed by the Community Business Development Corporations (CBDCs) in Newfoundland and Labrador. It specifically focuses on rural communities that are actively engaged in business transitions.
- Small businesses in Newfoundland and Labrador covered by CBDC services.
- Enterprises actively participating in succession planning.
- Regions identified for community development through business transitions.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant:
- Applicants must be small businesses operating in a CBDC governed region, actively preparing to transfer ownership of the business
- Businesses must be in good standing with CRA, ACOA, and Government of NL
- Program requirements include an application fee of 3% (up to $300), working with a qualified consultant, and agreeing to share the opportunity on businessatlantic.ca
grant_single_labels|apply
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grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- CBDC personnel offer support and guidance to help business owners navigate the program.
- The program is part of a pilot initiative, indicating it may be subject to changes or updates based on its outcomes and assessments.
Apply to this program
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