Financial Learning You Take Everywhere
At Flyte, we are dedicated to breaking down financial barriers for entrepreneurs in Louisiana. Our mission is to provide the tools, knowledge and resources to help small business owners overcome systemic inequities and thrive long-term.
Empowering New Orleans Entrepreneurs: Overcoming Financial Barriers Together
250
Businesses Served
$600k
Financing Secured
$0
Cost To You
Financial health lays the foundation for a stable and secure community.
However, in New Orleans more than 50% of households have delinquent debt, compared to 35% nationally, lowering the median credit score in the city to 647, 40 points below the national average. Credit scores directly impact the ability of families to accumulate assets and generational wealth.
As a result, 65% of families in New Orleans are financially insecure, and nearly 70% of households of color lack the savings necessary to survive a disruption for even three months. This puts the majority of our community in a perilous position from social, environmental, or economic disruption.
Entrepreneur Empowerment Program
Our flagship Entrepreneur Empowerment Program starts in June each year and runs for 12 months. Each cohort works with over 100 early-stage small business owners annually. It is the largest and most comprehensive mentorship and training small business incubator in Louisiana. Over 90% of these business owners are women of color from low and moderate-income households.
This program tackles the barriers that business owners of color face in accessing the capital critical to strengthening and expanding their businesses.
- Virtual business training
- Dedicated financial planner
- Interest-free micro-loans
- Support services access
- Dedicated professional mentor
- Cash stipends
Our Grant Funding Partners