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 a corporation that is wholly-owned by one or more Aboriginal 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, all of which must 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 the conditional offer letter is not intended to be a binding agreement or to give rise to legal rights, liabilities or obligations, all of which are subject to execution and delivery of a loan guarantee agreement, satisfactory to the Province, by the Province and applicant.
- Guarantee Agreement
The Province provides the loan guarantee agreement in a form satisfactory to the Province. The loan agreement with an approved lender and other ancillary agreements will also 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. The ALGP loan guarantee would be provided no earlier than at the point of financial close for the project, after regulatory approvals are in place and at the same time, or after, all other financing is put in place.
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, and the applicant will not be able to recover any such costs or expenses from the ALGP. This is especially important for small projects, and as a result the ALGP may not be well-suited to applications for small loan guarantees. 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.
