Loughgall will play their home games at Dungannon Swifts' Stangmore Park next season, should the club be granted promotion to the top tier of Irish League football.
The Villagers are currently second in the Championship table, four points behind leaders Portadown with seven games left to play.
The Irish FA published the list of licences granted on Friday afternoon, with all 12 current Danske Bank Premiership clubs granted Premiership licences and seven Championship clubs earning the promotion licences that enable them to go up.
Portadown, third placed Ballinamallard, and Ballyclare Comrades have all been granted licences using their own ground, while Ards have been granted a licence for the Bangor Fuels Arena and H&W Welders have nominated Ballyclare's Dixon Park.
In normal circumstances, the Championship winners are promoted automatically with second and third qualifying for a play-off.
It is as yet unknown whether the season can be played to a finish or what will happen with regards to promotion but Loughgall, now that their promotion license has been granted, will be hoping they can return to the Premiership.
It is also unclear which Irish League sides will be nominated for European competition, although nine teams have been granted UEFA licences; Ballymena United, Cliftonville, Coleraine, Crusaders, Dungannon, Glenavon, Glentoran, Larne and Linfield.
Linfield Ladies have become the first Irish League side to obtain a UEFA Women's Champions League license after it was made mandatory for the 20/21 season.
Institute will once again play their home games at Derry City's Ryan McBride Brandywell Stadium.