Administered by Government of Northwest Territories · Last verified: July 2026
Prosper NWT, the public agency formerly called the Business Development and Investment Corporation, lends to northern businesses that may not get full financing from a bank. A client can borrow up to a total of $2 million, with terms structured over a fixed period and amortization up to 25 years. It also offers standby letters of credit and working capital guarantees.
Review times vary by program, from a few weeks to a few months, so check the official page for its timeline. Grant money is usually paid after you sign a funding agreement, and cost-shared programs often reimburse you once you send proof of what you spent.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityProsper NWT Business Loans is generally open to incorporated, self-employed, partnership businesses, in Northwest Territories. Confirm the full criteria on the official program page before applying.
The estimated value is Loans up to $2,000,000 total per client. The actual amount depends on your eligible costs, the program's budget, and approval.
1. Review financing options on the Prosper NWT site 2. Book an appointment with Prosper NWT advisory services 3. Submit a loan application with supporting documents
Ongoing.