Can you stack Prosper NWT Business Loans and Prosper NWT Venture Investment Program?
Yes. Prosper NWT Business Loans and Prosper NWT Venture Investment Program can be combined. They fund different things, so the trick is simple: apply to each separately and never claim the same dollar twice. Together they reach up to $2.0M in potential value.
Prosper NWT Business Loans
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.
Prosper NWT Venture Investment Program
This is the equity financing arm of Prosper NWT. Rather than lending money, it invests in a client's NWT business in return for preferred shares, giving growing companies capital without taking on more debt. It is aimed at businesses that need investment to scale.
How to stack them
- 01Confirm you meet each program's eligibility on its own. Prosper NWT Business Loans and Prosper NWT Venture Investment Program are assessed separately.
- 02Apply to each program through its own application. There is no combined form.
- 03Allocate distinct costs to each program. You cannot claim the same dollar of expense under both, but you can fund different parts of the same project.
- 04Track both deadlines and keep the paperwork separated, so each claim stands on its own.
Stacking rules vary by program and change over time. Confirm the current rules with each program, or take the quiz and we will flag the combinations you qualify for.