The Democratic National Committee (D.N.C.) secured a $15 million loan in October 2023 to address financial constraints ahead of elections in Virginia and New Jersey, as well as to ensure operational funding through 2026. This move is notable as it is uncommon for major party committees to tap into a line of credit outside of a presidential or midterm election year, indicating potential financial distress within the D.N.C.

As of November, the D.N.C. reported having $18.3 million in available funds, with $15 million attributed to the recent loan. In contrast, the Republican National Committee (R.N.C.) entered the same period with $91.2 million in assets and no outstanding debts.

Recent filings with the Federal Election Commission revealed that the D.N.C. promptly allocated $3.2 million each to the gubernatorial races in New Jersey and Virginia, in addition to contributing $175,000 to the Pennsylvania Democratic Party to enhance voter mobilization efforts for the state’s Supreme Court elections. The Democratic candidates successfully won these contests, along with others nationwide.

Ken Martin, the chairman of the D.N.C., characterized the decision to obtain loans as a strategic move during his initial year in leadership of the party's official arm.