According to a loan application posted on the Treasury website late Thursday, companies with a Top Secret clearance working for the U.S. government and others with contracts related to the defense production act should submit a loan request by May 1.
The Pentagon has been working to shore up finances among defense contractors that may have seen a fall-off in their non-defense business as quarantining to prevent the spread of the new coronavirus has halted much of the U.S. economy.
The loan application says that “to receive a loan, each borrower must provide the Treasury Department with appropriate
financial instruments.”
Source: Economy - investing.com
