NJ Entrepreneur Support Program

Before completing the application for the Entrepreneurial Guarantee Program please note that this is a two-part application initiated by the Investor seeking the guarantee AND finalized by the NJ company in which the investor is/has provided funding.

Please note, Application submissions are required to be 1:1 between one unique (per SSN# or FEIN#) investor and Entrepreneurial business, per guarantee agreement. If related entities (but with different FEIN’s or agreements) made a combined investment in to the Entrepreneurial business, they will be required to submit multiple applications.

Please be sure you meet all eligibility criteria before applying which include:

Investor Applicant requirements

The Investor applicant must provide/has provided funding and closed/executed the underlying agreement
The Investor applicant is not a founder/employee of the company
The Qualified Investment (Note / Bridge Loan) for which the guarantee is being sought has at least a one-year maturity with no current payments and no collateral

The Entrepreneurial Business Requirements

Has a minimum of 50% of employees in NJ as of date of application as confirmed by NJWR-30, Federal Form 941, PEO letter, or other similar documentation
Has fewer than 225 total employees at the time of application
Has its corporate headquarters in New Jersey (including at least one C suite member with a principal office in New Jersey)
Falls under one of the NJEDA’s defined list of “targeted industries”
Is registered to do business in NJ and can certify that the company is in good tax standing with the State
Is in good standing with the Department of Labor and Workforce Development

If you do not meet all the eligibility requirements outlined above, do not proceed with the following application for the Entrepreneur Guarantee Program

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