EconDefense
IND-08 / Industrial capacity, capital and credit

Finance or refinance dual-use critical technology with OSC direct loans

Provide loans for eligible investments in enumerated covered technology categories; the legal form is capital assistance, not an unrestricted equity fund.

Action briefPDF dossier · original 168Download record
Authority / instrument · IND-08

Technology credit

Industrial capacity, capital and credit

Statute & instrument
Authority holder

Secretary of Defense acting through OSC Director

What this does not authorize / hard limit

Not an unrestricted equity fund.

Recorded executor

OSC Director and credit transaction team

Continue to actor →

Institutional routing from the recorded executing role. See the office profile for its published responsibilities and engagement routes.

Legal basisSources linkedLegal sources and instrument limits are recorded.
RequirementsGates recordedRead the requirements for this instrument; applicability depends on the proposed action.
Public fundingScale documentedAdvance appropriations specifically providing credit assistance; Federal Credit Reform cost and DoD Credit Program Account. A headline lending ceiling is not cash available. Office budget figures are separate institutional context, not an allocation to this instrument.
Assigned rolesRemit sourcedPublic sources describe institutional authority. The instrument identifies approval and execution roles; a specific signature remains transaction-dependent.
EngagementInitial round closedEquipment Finance Part 1 closed February 3, 2025; no new Part 1 submissions or pre-application consultations for that NOFA. Existing applicants have a separate follow-up channel. Future offerings will be announced separately. Reviewed 2026-10-04.

Public evidence describes the institution and instrument; it is not approval of an individual transaction.

At a glance

Mission goalExpand production
Possible toolIND-08 · Loans & guarantees

Authority holder: Secretary of Defense acting through OSC Director

Loans & guarantees

Mechanism tags describe the source text; they do not expand the authority.

Availability and verification

Conditional legal pathway; current funding, required determinations, and actual delegation not certified.

Dated program and routing context

OSC Equipment Finance

Equipment Finance Part 1 closed February 3, 2025; no new Part 1 submissions or pre-application consultations for that NOFA. Existing applicants have a separate follow-up channel. Future offerings will be announced separately.

Published Equipment Finance criteria exclude early-stage or pre-revenue borrowers without a creditworthy sponsor guarantee, sole-Federal-user projects, and projects relying mainly on Federal sources for repayment. Eligible borrowers are U.S.-domiciled public or private companies, including some foreign-owned companies.

Program criteria, not additional universal requirements of every transaction under 10 U.S.C. §149. No claim that every OSC lending program is closed.

Public-source check: 2026-10-04. This check does not refresh the entire legal record.

Requirements and limits

Eligibility & prerequisites

  • Eligible entity and covered dual-use technology, not solely defense application
  • At least 80% nonfederal capital for the specific technology at investment time
  • Creditworthiness, reasonable repayment assurance and selection criteria

Limits & exclusions

  • New loans and technical-assistance authority expire Oct. 1, 2028
  • Direct-loan term up to 50 years
  • Treasury benchmark interest and nonsubordination rules have specific waivers

Funding conditions

  • Advance appropriations specifically providing credit assistance; Federal Credit Reform cost and DoD Credit Program Account. A headline lending ceiling is not cash available.
  • Enacted FY26 credit appropriation $97.770M no-year with $4.390B principal ceiling. FY25 reconciliation separately supplied $500M minerals-focused and $1B general capital-assistance funding through Sep.30,2029, each with $100B principal ceiling. These are statutory amounts, not remaining balances; do not simply add ceilings into deployable cash.

Read the funding and execution guide

Who contributes what

Need & planning

  • OSC investment and credit teams
    Office profile
  • Technology and acquisition requirement sponsors

Resources

Approval

Execution

Partners & review

  • Private lenders and eligible entities
  • Treasury / OMB credit-scoring officials
  • DoD legal counsel

Office links are editorial matches to the original role text, not verified delegations. Composite labels and unmatched actors are preserved.

Coordination pathway

Requirement sponsor → named planning office → resource owner and counsel → statutory approving official → authorized executing/contracting office.

Actor and execution-role sources

Legal basis

What this research establishes

Legal basisSources linkedLegal sources and instrument limits are recorded.
RequirementsGates recordedRead the requirements for this instrument; applicability depends on the proposed action.
Public fundingScale documentedAdvance appropriations specifically providing credit assistance; Federal Credit Reform cost and DoD Credit Program Account. A headline lending ceiling is not cash available. Office budget figures are separate institutional context, not an allocation to this instrument.
Assigned rolesRemit sourcedPublic sources describe institutional authority. The instrument identifies approval and execution roles; a specific signature remains transaction-dependent.
EngagementInitial round closedEquipment Finance Part 1 closed February 3, 2025; no new Part 1 submissions or pre-application consultations for that NOFA. Existing applicants have a separate follow-up channel. Future offerings will be announced separately. Reviewed 2026-10-04.

Confidence: High on statutory permission; execution roles are organizational routing, not verified individual delegations.

Currentness: 10 USC149 2024 text read; FY26 §§905–906 amendments read in full; OLRC current entry shows laws effective Sept.28,2026.

Review scope: Original research target October 2, 2026; no record-specific last-review date supplied. Publication is not legal-currentness certification.

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