Camden City and Camden County, NJ
Nickan CDC originates and holds small business loans for entrepreneurs in Camden City and Camden County, New Jersey. We make the credit decision and hold each loan on our own balance sheet.
The map behind this page is Camden County. Gold tracts are CDFI Fund investment areas, 2016–2020 ACS. 62 of 129 tracts qualify.
01 / Governance
Nickan CDC is a New Jersey nonprofit community lender. The board of directors oversees credit policy, and the organization makes each credit decision.
We originate and hold small business loans for entrepreneurs in Camden City and Camden County. A loan we make stays on our balance sheet. Nickan CDC is the financing entity of record.
02 / How we review a file
We look at credit history, cash flow, collateral, character, and capacity. If the documentation is incomplete, or the credit does not support the request, we do not make the loan.
Staff use software to help read documents and check figures. A person still makes the credit decision before any loan is booked.
Credit report, public records, tradeline seasoning, and recent inquiries.
Three-year profit and loss, bank statements, debt service, and documented add-backs.
Appraisal or invoice, lien search, loan-to-value, and insurance.
Time in the business, years in the trade, and guarantees.
Global cash flow, guarantor liquidity, and existing debt.
03 / The credit file
Before we decide, the file has financials, tax returns, bank activity, a use of proceeds, and a signed completeness checklist. The borrower is not left to assemble that record alone.
04 / From application to loan
Incomplete files do not proceed. The credit decision is made at Nickan CDC. A loan we book is a loan on our balance sheet.
05 / Development services
Budgeting, cash flow, and record-keeping for small business owners.
Understanding credit reports and scores, correcting errors, and building creditworthiness.
Business planning, licensing, pricing, and preparing a loan application.
06 / How we lend
Each application is reviewed on the five C’s of credit. Nickan CDC makes the credit decision.
A loan we make is held by Nickan CDC. We are the financing entity of record.
Incomplete files stay with us until the record supports a decision.
Questions come to the team that reviewed the file, not a sales queue.
Compliance & Governance
07 / Get in touch
Entrepreneurs in Camden City and Camden County may write about a small business loan, financial education, credit counseling, or business advising.
Administrative office
231 Bakers Basin Road, Unit 5-2
Lawrenceville, NJ 08648
stayebi@nickancdc.org