With Oldham in administration and suffering from a summer of financial upheaval and player departures, Dowie has turned to The Premiership to add quality to his injury-ravaged squad.
The latest player to join Boundary Park is Bolton's exciting Jamaican international, Jermaine Johnson.
Bolton boss Allardyce originally allowed the midfielder to join The Latics for three months, but this was curtailed by The FA, who reduced the period to an initial one-month period.
Rookie boss Dowie told skysports.com: ''I am delighted Sam has let me take him.
''He has great pace and ability and now it's just a case of him getting first team games. He has great technical ability.''
Johnson endured a difficult debut at the weekend, where he saw his penalty saved in a 1-0 defeat to lowly Notts County, but the midfielder showed enough talent to suggest he will improve Oldham's squad.
Despite the disappointment of recent performances, Dowie remains positive about his squad and can see no reason why his young side cannot prosper this season.
Dowie said: ''We can't worry about things off the field, that's the nature of the business. The squad is thin, but any team we put out should be able to compete in this division.''
Other successful loan signings have included Newcastle striker Calvin Zola, who recently signed up on a season-long loan and Fulham's Mark Hudson, an accomplished central defender who has also been in excellent form.
With the club still in administration, loan signings are Dowie's only real option and he is thankful that the Premiership clubs understand his predicament.
He said: ''Chris Coleman helped us with Mark Hudson which was very pleasing and I'm grateful to Bobby Robson for Calvin Zola.
''Any help you can get at this level is very important.''
Oldham are set to be taken over by a pair of American businessmen and Dowie is hopeful that money will be made available to bolster his squad after the festive period.
