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 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 Indigenous Loan Guarantee Program (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 (CILGC), 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.
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Eligibility
Your eligibility for the program will be assessed.
4
Screening
Your application will be reviewed, and decision will be made on whether to move to full due diligence.
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Due Diligence
Detailed analysis of all due diligence areas such as financial, operational, integrity, and Indigenous.
6
Final Review and Decision
Final decision will be made once the review is complete.
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Guarantee Issuance
If the project is approved, a guarantee agreement will be developed according the negotiated conditions.
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Monitoring
Once the guarantee agreement is finalized, the Canada Indigenous Loan Guarantee Corporation will issue and manage the loan guarantee, making sure all key financial and commercial terms are followed.
We will keep applicants informed about the status of their applications throughout the process.
Investment Analysis and Due Diligence Capacity Support
Additionally, Investment Analysis and Due Diligence (IADD) capacity support funding may be available to assist Indigenous groups in overcoming barriers and successfully advancing their investment opportunities in the natural resources and energy sectors.
During the initial screening process, Indigenous groups or the CILGC may determine that due diligence is needed, leading to Indigenous group(s) applying for IADD capacity funding from Natural Resources Canada (NRCan):
Once the IADD application has been received, NRCan would then assess the applicant’s IADD plan, and the project investment’s overall fit with the ILGP eligibility requirements. NRCan may request further information and will notify applicants of the outcome. Please note that IADD capacity funding is only available for eligible investment opportunities in the natural resources and energy sectors.