Application and Review Process
- Submission of Application
The application form and submission instructions can be found on our “How to Apply” webpage. The application must be submitted by an entity that is wholly-owned by one or more Indigenous communities.
- Application Review
The Ontario Financing Authority (OFA) administers the program on behalf of the Province and assesses whether the application is complete. Please see the ALGP application form for a list of the supporting documents that must be submitted to the Province by applicants.
The Province conducts a detailed review of the applicant's business and financial information as well as the documentation and agreements submitted with the application.
The applicant may be required to provide further information to the Province as it completes its review of the application.
If the application does not meet the program criteria, the Province may discuss with the applicant different or additional proposals to those included in the application.
To see a list of the review criteria, please refer to our "Eligibility and Evaluation Criteria" webpage.
- Conditional offer of support
The Province may decide to provide a conditional offer of support to the applicant, subject to a number of terms and conditions, to be met to the satisfaction of the Province. The conditional offer letter will set out the maximum value of the guarantee which the Province is willing to extend.
The Aboriginal Loan Guarantee Program is a discretionary, non-entitlement program, and any decision to provide a loan guarantee will be at the sole and absolute discretion of the Province.
- Applicant's Acceptance of Conditional Offer
The applicant advises the Province in writing of its intention to proceed with concluding definitive legal agreements on the basis and subject to the terms and conditions outlined in the conditional offer of support.
It should be noted that except as explicitly stated in the conditional offer of support, the conditional offer of support is not a binding agreement that gives rise to legal rights, liabilities or obligations. Binding obligations would be subject to execution and delivery of a definitive loan guarantee agreement, on terms satisfactory to the Province, by the Province and applicant.
- Guarantee Agreement
Subject to the Province’s due diligence, the Province may provide a loan guarantee agreement in a form satisfactory to the Province. Note that a satisfactory loan agreement with an approved lender and other ancillary agreements will also need to be finalized, all in form and substance satisfactory to the Province. In addition, the applicant must fulfill any other conditions and obtain any other government approvals for the project in order to meet the requirements of the ALGP loan guarantee.
For more information on the ALGP loan guarantee agreement, click here.
Note: An applicant may incur costs and expenses during the ALGP application and review process. Such costs and expenses may include, but are not limited to, fees for the retention of advisors and/or legal counsel, if engaged by the applicant, or the payment of bank or other fees. The OFA and the Province will not be responsible for any costs and/or expenses incurred by the applicant related to the ALGP application and review process. This is especially important for small projects, and as a result the ALGP is not well-suited to applications for small loan guarantees, for example, for loan guarantees of less than $5 million, due to the potential costs that may be incurred by the applicant relative to the benefit of a loan guarantee for a loan value of less than that amount. Applicants should consider exploring other grant programs that may be available from other entities or under other programs for the funding of costs associated with the development of electricity infrastructure. Links to some of these programs can be found on our Resources webpage.
