BDIC — Term Loans
Highlights
This program is designed for businesses like yours in the Northwest Territories. It offers flexible debt financing options to help you start, grow, and thrive. With up to $15,100 in grants/contributions, you can adopt new digital technologies, enhance your online presence, or digitalize your operations.
Why apply?
- Access to funds: Use the money for operating expenses, new equipment, software, and more.
- Expert support: Digital advisors are available to help you advance your digital projects.
- Government-backed: This financing is more secure and flexible compared to other loans.
Being approved for this program can provide the financial boost and expert guidance your business needs to succeed. The qualification process is straightforward, making it easier for you to access these benefits.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Adoption of new digital technologies
- Enhancement of online presence
- Digitalization of operations
Use of Funds:
- Up to $15,100 can be granted for eligible digital projects.
Restrictions:
- Funds cannot be used for non-digital related expenses.
- Personal expenses or unrelated business costs are not covered.
Fees:
- No fees associated with applying for or receiving the grant.
Qualifications
- Must be a business operating in the Northwest Territories (NWT).
- Must be seeking to adopt new digital technologies, enhance online presence, or digitalize operations.
Eligible for up to $15,100 in grants/contributions for digital projects.
Disqualifications:
- Businesses not operating in the Northwest Territories.
Description
This program offers your business up to $15,100 in grants. You can use this money to adopt new digital technologies, enhance your online presence, or digitalize your operations.
The funds can be used for:
- Upgrading your website
- Implementing e-commerce solutions
- Investing in digital marketing tools
- Streamlining your business processes with new software
No repayment is required for these grants, making it a risk-free opportunity to modernize your business. Additionally, digital advisors are available to help you plan and execute your digital projects effectively.
This is a great chance to boost your business's digital capabilities and stay competitive in today's market.
Program Steps
Gather Required Documentation: Prepare the necessary documents for your application. These include:
- Business Plan
- Financial Statements (last two years)
- Proof of Business Registration
- Identification Documents (for all owners)
- Project Proposal (detailing the digital technology adoption or enhancement plan)
Complete the Application Form: Fill out the application form available on the Prosper NWT website. Ensure all fields are accurately completed.
Submit Supporting Documents: Attach the prepared documentation to your application form. Ensure all documents are clear and legible.
Review and Confirm Details: Double-check all information provided in the application and attached documents. Confirm that everything is accurate and complete.
Submit the Application: Send your completed application form and supporting documents through the specified submission method on the Prosper NWT website.
Follow Up: After submission, monitor your email and phone for any communication from Prosper NWT. Be prepared to provide additional information if requested.
Await Approval: Wait for the review process to be completed. Prosper NWT will notify you of the outcome and any next steps.