Federal Election Commission filings submitted Tuesday show the committee took out a $17 million loan on Sept. 1 and another for $3 million on Sept. 22. The NRSC had $28 million in cash at the end of September, including the loan, after raising $31 million and spending $41 million that month.

The committee said it has raised $228 million this election cycle, compared with $188 million for the Democratic Senatorial Campaign Committee. But Democratic Senate candidates have raised more than their Republican opponents, and the NRSC received $18 million of its September fundraising through transfers from the Republican National Committee.

NRSC communications director Joanna Rodriguez said the committee had raised record amounts and kept its spending rate low. “We’re going to throw everything we can at protecting our Republican Senate Majority,” she said.

The NRSC directed just under $34 million to coordinated spending in September, all of it for advertising, according to the filing. Changes to campaign finance rules now allow political parties to spend more freely with candidates on coordinated advertising, at lower rates than in past cycles, potentially extending the value of the money.

Borrowing late in an election cycle is not unusual for party campaign committees. The NRSC took out $17 million in loans during the 2024 cycle and $20 million in 2022, according to federal filings. The DSCC had nearly $25 million in cash at September’s end and had not reported taking out loans this cycle as of that date.