-Must have a physical commercial location in the State of New Jersey
-Must be in existence by August 3rd, 2021
-Must have $10 million or less in annual revenue
-Must be registered to do business in New Jersey at the time of application and must be in good standing with the New Jersey Division of Taxation and NJ Department of Labor and Workforce Development
•Ineligible businesses: home-based businesses, real estate holding companies, transient businesses, or prohibited businesses (i.e. gambling/gaming or “adult” services)
Up to $100,000
0% interest rate
10 year term
24-month deferral
$10 million
$3.5 million of $10 million for small businesses & nonprofits in Opportunity Zone-eligible census tracts
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