Establishes NJ Non-Profit Loan Guarantee Pilot Program within EDA.

This bill would create a pilot program through New Jersey's Economic Development Authority (EDA) to provide state-backed loan guarantees for eligible non-profit organizations. It directly affects non-profits that are federally tax-exempt (501(c)(3)), have operated for at least 10 years, received prior state assistance, and plan to create 10+ full-time jobs through new physical space construction. The program would fund guarantees up to $15 million per organization (max 20 years) using a dedicated revolving fund, with repayment requiring the project to generate sufficient income to cover loan costs. The bill is pending in the Senate Budget Committee and has not yet become law.