Apply – NJ4NJ

How do I apply?

After completing the application below, it will be reviewed by the Board of Directors. The Board may require additional information from you to make their final decision and notify you accordingly.

What are the rules to qualify for assistance from NJ4NJ?

1) must be a NJ Resident who qualifies as a small business owner

2) must employ primarily residents of New Jersey

3) must demonstrate business profitability for a minimum of 12 months prior to Feb 28, 2020 (just prior to COVID19 pandemic outbreak)

4) must demonstrate proof of a drop of 30% or more in revenues since Feb 28, 2020 (just prior to COVID19 pandemic outbreak)

5) must demonstrate good faith efforts to pay employees during COVID19 pandemic

6) must demonstrate exhaustion of all reasonable avenues to remain in business during COVID19 pandemic

7) business owner must provide current immigration status and proof of NJ residency

8) business owner must provide an explanation why their business is worth supporting as compared to others under consideration

Other considerations

extra consideration will be provided if employees are single parents or college students currently taking on considerable student loans
the donation will be structured as a bridge loan that would be forgiven if the recipient satisfies certain forthcoming criteria. This would ensure that the contributions flow from the owner to the employees and will not be used for personal use
you may enter once per month, until such time as economic hardships created by the COVID19 pandemic are considered reasonably over
NJ4NJ does not and shall not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities, funding decisions or operations

1. Business name *

2. Business address *

Address Line 1

Address Line 2

City

State

Zip Code

3. Business phone *

4. Business Website / URL *

Please include all business related social media accounts

5. Your name *

First

Last

6. Your cell number *

7. Your email *

8. What is your relationship to the business? *

Owner, Manager, Other?

9. Does the business require a license to operate? If so, is this license in good standing? *

10. When was the business started? *

11. How many full time employees do you have currently employed? *

12. How many part time employees do you have currently employed? *

13. Did the business lay off, furlough, or terminate any employees since the pandemic? *

14. What were your quarterly sales (4 prior quarters) prior to the pandemic? *

15. What are your monthly sales since the pandemic? *

16. What are your monthly costs today to run the business? *

17. How many months does the business have to survive with the current revenue and expenses? *

18. Does the business owe any federal, state or local taxes that are not current? *

19. How much monthly funding are you looking for to sustain and grow the business? *

20. How do you plan on using the funding? *

21. Did you receive PPP or EIDL? *

22. Tell us your story, what has caused your business to struggle and how you would like us to help? *

23. What makes your business different / unique from your competition? *

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USE THE BELOW SUBMISSION AREA ONLY IF DIRECTED BY NJ4NJ, Inc.

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