UPDATES

Existing investors supporting early-stage, innovation-focused companies in New Jersey can receive guarantees on their loans from the NJ Entrepreneur Support Program. The program provides guarantees at 80% of the loan amount totaling a maximum of $500,000 to a company on investor loans advanced for working capital to businesses.

Completed applications from investors and the company for guarantees will be considered on a first-come, first-served basis, including the ability to consider multiple guarantees per company towards the $400,000 company exposure cap.

Please review the program website at www.njeda.com/njesp for further information and to determine your eligibility for the program.