Strategic capital chief says first funds for new DOD loan program to be issued in coming months

By Georgina DiNardo / March 20, 2024 at 4:03 PM
The head of the Defense Department's strategic capital office said the department, for the first time ever, now has a loan program that can help small companies, predicting the first funds could be licensed in the coming months. Jason Rathje, director of the Office of Strategic Capital, said OSC was authorized to provide direct loans to critical technology companies about three months ago, which he said were companies that align with DOD supplier base needs. “This is the first loan...

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