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Funding

Whether you're looking for startup capital or considering a loan to finance the expansion of your business, a variety of opportunities are available.

Funding

Important Funding UpdatesSearch Funding Programs

Contents

Form Your BusinessDevelop an Alternate Name (DBA)Obtain anEmployer Identification Number from the IRSRegister for NJ Tax and Employer Purposes

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Angel Match Program

Rolling Application

Deadline:

Start Date:

Eligibility

  • Must have minimum revenues of $100,000 within the trailing 12 months . Trailing 12 Months (TTM) figures report metrics based on the last 12 months (or four quarters) to date on a rolling basis.
  • Business must be able to demonstrate a minimum of $100,000 in investment interest from at least two investors independent from the company
  • Primary business is commercializing and marketing a product
  • Early stage within an NJEDA targeted industry
  • Structured as a C-Corporation or LLC
  • Located in physical commercial, co-working, or incubator space in New Jersey
  • A minimum of two full-time founders/C-level executives and 50% of full-time employees working in New Jersey
  • No more than 100 total employees working for the company
  • Company must be registered in New Jersey and in good standing as certified by a valid NJ Tax Clearance Certificate

Benefits

Businesses receive a convertible note from $100,000 to $500,000 with a 10-year maturity, a 3% interest rate, and no payments for the first seven years.

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