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

This bill creates a pilot program through New Jersey's Economic Development Authority (EDA) to provide loan guarantees for non-profit organizations. It directly affects qualifying 501(c)(3) non-profits that have existed for at least 10 years, received prior state assistance, and plan to build new physical spaces generating at least 10 full-time jobs. The program guarantees up to $15 million per organization for construction loans through participating banks, requiring proof of financial viability and job creation plans. Funding comes from the Economic Recovery Fund and repayments, with the program set to expire after 20 years, and it is currently pending in the Senate Budget Committee.