You will receive a letter from the Ministry advising whether or not you have been approved.

If approved for conditional contributions or loans without required security, you’ll receive a letter with your assigned Project Officer. For loans requiring security, you’ll get a letter of offer and term sheet following approval, with contact details for further steps.

For conditional contributions, NOHFC will send a funding contract in about 6-8 weeks after the Minister’s approval. If you request project changes, this timeline may be extended.

For loans requiring security, the loan documents will be sent to your lawyer 6-8 weeks after you sign and return the offer. For loans without required security, NOHFC will confirm if you want a lawyer and send the funding contract in about 6-8 weeks.

For conditional contributions, you must sign and return the funding contract to NOHFC within 30 to 60 days, depending on the program. Details about your project will be in the letter with the contract. For loans requiring security, you have 30 days to accept the offer or request an extension. If the funding contract isn’t signed within 180 days of accepting the offer, NOHFC may cancel the financial assistance.