Key Principles
Indigenous governance
We operate with a diverse board of directors and executive team with robust Indigenous representation.
Geographic diversity
We are committed to supporting Indigenous groups across the country, ensuring fair access to the program for groups from coast to coast to coast.
Efficiency and timeliness
We aim to work at the speed of business, ensuring the Indigenous Loan Guarantee Program aligns with the timelines of Indigenous groups, project developers and lenders.
Early engagement
We are able to connect with potential applicants to the program early in the process. By getting involved before applications are submitted, we can provide guidance on financing and risk and set projects up for success.
Robust due diligence
We carefully assess each application and work with applicants to identify any risks or gaps. If more information is needed, we will guide applicants on next steps.
Program stacking
Where possible, we work to align our program with provincial loan guarantee programs, allowing Indigenous groups to combine support for larger, more impactful opportunities.
Consult the technical backgrounder for more details about the key principles of the program.
Eligibility
The Indigenous Loan Guarantee Program (ILGP) is open to Indigenous groups with recognized Section 35 rights. The program supports a range of natural resources and energy projects across the country. Our goal is to ensure that Indigenous Peoples, regardless of their location, can benefit from this opportunity to advance economic reconciliation and self-determination.
Application Process
Applying for the ILGP (or the Program) involves a thorough assessment of your project’s commercial and financial viability. Applications are reviewed by the Canada Indigenous Loan Guarantee Corporation, which will conduct due diligence to ensure each project meets the program’s standards. Applicants are encouraged to contact our team early in the process to discuss their project and receive guidance on preparing a strong application. Additionally, capacity-building support is available to assist Indigenous groups in overcoming barriers and successfully advancing their investment opportunities.
2
Submit Your Application
Indigenous groups can submit loan guarantee applications by email at any time – there are no deadlines.
3
Eligibility Check
We will first review the application to see if it meets the basic eligibility criteria of the program.
4
Further Screening
For eligible applications, we may conduct a more in-depth review of the proposed project, including its risks, returns, and key details, to help prioritize applications.
5
Due Diligence
We will assess the investment and work with lenders and proponents to review risks and gaps. Additional due diligence may be required at this stage.
6
Final Review and Decision
Final decision will be made once the review is complete, we will recommend the loan guarantee to the Minister of Finance, who, in consultation with the Minister of Energy and Natural Resources, will make the final decision.
7
Guarantee Issuance
If the project is approved, a guarantee agreement will be developed according to the negotiated conditions.
We will keep applicants informed about the status of their applications throughout the process.