Office of Strategic Capital Loan Application Part 1 and Application Part 2

Section 903 of the NDAA authorizes the Office of Strategic Capital (“OSC”), established within the Department of Defense’s (“DOD”) Office of the Under Secretary of Defense for Research and Engineering (OUSD(R&E)), to implement a pilot program to provide direct loans and loan guarantees to eligible entities. These investments are for technologies that fall within specified covered technology categories and have potential applications beyond defense. The eligibility and selection criteria for investments include the extent to which an investment supports U.S. national security or economic interests, the likelihood that direct loans would accelerate the investment, and the creditworthiness of the investment. To properly underwrite the loans and assure that the loans satisfy these requirements, OSC must collect comprehensive information from entities seeking funding. This is accomplished through a two-part application process, where Application Part 1 gathers basic information for a preliminary assessment of whether the project is eligible, and Application Part 2 uses in-depth financial and technical information on the project's economic viability and economic benefits to confirm eligibility and assess alignment with OSC’s strategic program priorities and requirements. OSC will consult with the Office of Management and Budget on Application Part 1 findings and will, on a case-by-case basis, invite potential borrowers to submit an Application Part 2. OSC must collect Application Part 1 and Application Part 2 from entities seeking funding. OSC will issue a Notice of Funding Availability (“NOFA”) to provide entities with an opportunity to submit applications.

The latest form for Office of Strategic Capital Loan Application Part 1 and Application Part 2 expires 2027-09-30 and can be found here.

Application Part 1

Federal Enterprise Architecture: Defense and National Security - Operational Defense