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BDIC — Term Loans - Northwest Territories - Canada
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BDIC — Term Loans

Term loans for Northwest Territories businesses
Government of the Northwest Territories (GNWT)
Business Development and Investment Corporation (BDIC)
Last Update: March 4, 2026
Funding available
No Condition
Timeline
  • Closing date : May 17, 2024
Location
Northwest Territories, Canada

Overview

Variety of fixed and variable interest rate term loans available to businesses that are unable to secure financing elsewhere.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Increase performance through digital transformation
  • Develop an online presence
Eligible Funding
  • No Condition
Timeline
  • Closing date : May 17, 2024

Eligible candidates

Eligible Industries
  • All industries
Location
  • Northwest Territories
Legal structures
  • For-profit business
  • Sole proprietorship
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Rural or Northern Residents
  • Startups

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

This term loan program helps businesses in the Northwest Territories access flexible debt financing to start, grow, and thrive in various economic conditions. Eligible activities focus on offering comprehensive support and guidance to entrepreneurs while providing emergency relief and fostering digital advancement.

  • Starting new business ventures and expanding existing ones with flexible debt financing.
  • Receiving guidance and support from experts to address business challenges.
  • Accessing temporary relief and support during emergencies to maintain business operations.
  • Adopting new digital technologies and enhancing online presence for business growth.
  • Digitalizing business operations with support from digital advisors to improve efficiency.

Eligibility

Who is eligible?

NWT businesses looking to adopt new digital technologies, enhance their online presence, or digitalize operations are eligible for up to $15,100 in grants/contributions. The program is designed to support the digital transformation of businesses located in the Northwest Territories, Canada.

Who is not eligible

There are certain types of companies that may not be eligible for the Prosper NWT grant:

  • Non-profit organizations
  • Government entities
  • Individuals (sole proprietors without a registered business)

Eligible expenses

Eligible projects for this grant are those that aim to enhance digital capabilities in businesses within the NWT. This includes adopting digital technologies and improving online operations.

  • Adopting new digital technologies to improve business operations.
  • Enhancing online presence to reach broader audiences.
  • Digitalizing operations for increased efficiency and productivity.
  • Access to digital advisors to advance specific digital projects.

Eligible geographic areas

This grant is available to businesses located in the Northwest Territories region as specified by the funding body. It aims to support local economic development and business prosperity.

  • Businesses operating in the Northwest Territories (NWT).

Additional information

Here are additional relevant details for this grant:

  • The name change to Prosper NWT indicates a broader vision for supporting economic growth in the territory.
  • Prosper NWT is committed to helping businesses succeed, indicating strong support and resources for applicants.
  • Digital advisors are available to assist businesses, offering guidance and expertise for digital projects.
  • Flexible debt financing options are available, which could be complementary to the grant for eligible projects.

Frequently Asked Questions about the BDIC — Term Loans Program

Here are answers to the most common questions about the BDIC — Term Loans. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the BDIC — Term Loans?

Variety of fixed and variable interest rate term loans available to businesses that are unable to secure financing elsewhere.

Who is eligible for the BDIC — Term Loans program?

To be eligible for the BDIC — Term Loans program, you must: The business must be located in the Northwest Territories. The applicant should be involved in business start-up, growth, or digital enhancement activities.

What expenses are eligible under BDIC — Term Loans?

This term loan program helps businesses in the Northwest Territories access flexible debt financing to start, grow, and thrive in various economic conditions. Eligible activities focus on offering comprehensive support and guidance to entrepreneurs while providing emergency relief and fostering digital advancement. Starting new business ventures and expanding existing ones with flexible debt financing. Receiving guidance and support from experts to address business challenges. Accessing temporary relief and support during emergencies to maintain business operations. Adopting new digital technologies and enhancing online presence for business growth. Digitalizing business operations with support from digital advisors to improve efficiency.

Who can I contact for more information about the BDIC — Term Loans?

You can contact Government of the Northwest Territories (GNWT).

Where is the BDIC — Term Loans available?

The BDIC — Term Loans program is available the province of Northwest Territories.

Is the BDIC — Term Loans a grant, loan, or tax credit?

BDIC — Term Loans is a Loans and Capital investments

Who are the financial supporters of the BDIC — Term Loans?

BDIC — Term Loans is funded by Government of the Northwest Territories (GNWT), Business Development and Investment Corporation (BDIC)

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