What is Prosper NWT — Business Loans?
Prosper NWT — Business Loans is delivered by Prosper NWT (formerly NWT Business Development and Investment Corporation) as a loan. Funding is typically term loans up to $5,000,000 per business enterprise. This page covers eligibility, intake status, and what an application actually requires.
At a glance
| Funding amount | Term loans up to $5,000,000 per business enterprise |
|---|---|
| Cost share | Variable |
| Level | Territorial |
| Program type | Loan |
| Delivered by | Prosper NWT (formerly NWT Business Development and Investment Corporation) |
| Available in | NT |
| Intake status | Open - continuous |
| Last verified | 2026-08-24 |
Who qualifies
- Eligible industries: All NWT sectors
- Eligible activities: Business startup; expansion; working capital; equipment; tourism
Watch out for
Outside NWT
Deadlines & how to apply
RENAMED BY STATUTE. BDIC became Prosper NWT on enactment of the Prosper NWT Act; bdic.ca now 301-redirects to prospernwt.ca. Term loans up to $5,000,000 per business enterprise including related entities, with the $2M to $5M band subject to sector criteria (housing, infrastructure, critical minerals, emerging technologies). Rates are prime +2%, +3% or +4% depending on assessed credit risk. Fees now apply under fee regulations in effect as of August 2026, which is new and changes the effective cost of borrowing. Continuous intake, apply online.
How NorthGrants helps with Prosper NWT — Business Loans
Most business owners read about Prosper NWT — Business Loans, see the funding amount, and stop. The hard part isn't finding the grant. It's building an application that actually wins.
NorthGrants builds the full application framework for you: a tailored project narrative aligned to this program's evaluation criteria, a budget structure that maps to eligible costs, and the supporting documentation checklist. You review it, refine the parts only you can write, and submit.