From the March 8, 1940 News Record:
WASINGTON, D.C. — The Export-Import Bank today granted war-torn China an additional $20,000,000 non-military loan in the face of unofficial warnings from Japan that “further U. S. oppression” might induce retaliatory measures. The loan brings to $45,000,000 the total advanced to China since the Japanese invasion began, it was announced by Federal Loan Administrator Jesse Jones after he conferred with President Roosevelt. On Saturday the bank granted an additional $20,000,000 to Finland, which previously had borrowed $10,000,000. The Chinese loan was disclosed shortly after Secretary of State Cordell Hull had revealed that progress is being made in settling numerous minor controversies with Japan concerning American interests in China.