Prosper NWT Business Loans
Prosper NWT provides loans and related financing to businesses that support economic development and employment in Northwest Territories communities.
About this program
Prosper NWT, formerly the Northwest Territories Business Development and Investment Corporation, provides business financing to support the creation, growth, and sustainability of northern businesses. Financing can help entrepreneurs and companies with startup, expansion, acquisition, equipment, inventory, working capital, and other eligible business needs where conventional financing is unavailable or insufficient. The corporation focuses on business development, employment, and economic diversification across Northwest Territories communities.
Eligibility
Businesses and entrepreneurs operating or planning to operate in the Northwest Territories may apply for financing when the project supports viable business activity and meets Prosper NWT underwriting requirements.
Requirements
- Business must operate or plan to operate in the Northwest Territories.
- Loan proceeds must support eligible business startup, expansion, acquisition, equipment, inventory, working capital, or related business costs.
- Applicant must provide a business plan, financing need, financial statements or projections, ownership details, and repayment information.