This free program is designed to help entrepreneurs and small business owners strengthen their overall financial health through a series of workshops and one-on-one support in areas such as loan origination and financial statements, accounting Quickbooks, business tax returns and credit ratings collection.
This collaboration between the three entrepreneur support organizations represents a holistic approach to preparing more BIPOC entrepreneurs to access capital. Working with JPMorgan Chase and our local Community Development Financial Institution lenders, the collaboration targets specific needs and opportunities to prepare small businesses to approach lenders and access capital. By leveraging each organization’s respective work to support small businesses in New Orleans, the collaboration is able to create a synergistic offering.
“The road back is long for local small businesses hard hit by the pandemic. To recover, grow and thrive, access to capital is essential,” said Jarrett Woods, senior business consultant at Chase in New Orleans. “Chase is honored to be part of this collaboration with Propeller, Fund 17 and Thrive. Together, we will empower business owners to take control of the future. »
Free workshops and tailored one-on-one assistance are scheduled to begin in August 2022 and run through the first half of 2023 with focus areas including credit score enhancement, certifications, financial and management accounting, Quickbooks, tax preparation and loan application assistance. Each topic will also include one-on-one technical assistance available to workshop participants. Participation is first come, first served.
“We are excited about this ecosystem-wide collaboration with our partners Fund 17 and Thrive New Orleans. We know that the inability to access capital can often be caused by many underlying factors that are also critical to the health of the business,” said Patrick Hernandez, senior manager of access to capital at Propeller.
Fund 17’s Executive Director, Veranisha Thompson, said: “Fund 17 has witnessed the need for a program like this through previous work supporting business and capital readiness and looks forward to the considerable impact it will have.
“We are stronger together, and we have a successful partnership with Fund 17 and Propeller to bring more resources to our small business community,” said Chuck Morse, Executive Director of Thrive New Orleans.
Get notified of future Thrive workshops at:
Receive notice of future Fund 17 workshops starting in October 2022: www.fund17.org
ON FUNDS 17
Fund 17 is a 501(c)(3) nonprofit organization that provides inclusive business support and capital to New Orleans entrepreneurs.
Propeller is a 501(c)(3) nonprofit organization that helps entrepreneurs grow their nonprofits and small businesses to address social and environmental disparities in New Orleans.
ON PROSPER NEW ORLEANS
Thrive New Orleans is a 501(c)(3) nonprofit organization dedicated to empowering marginalized neighbors and leaders to move from survival to prosperity. They achieve this through affordable housing, job creation and training, small business development and support, and education and wellness programs.
To learn more about this collaboration and Propeller, visit gopropeller.org