Wednesday, March 09, 2016

Small Business Success Story - Alba Business Solutions

Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Bronx SBDC  appears in our 2015 Annual Report


Franklin J. Fabre
Alba Business Solutions
Bronx SBDC

Alba Business Solutions, named for Franklin Fabre’s wife Alba, has provided clients with expert tax services for more than 10 years. Franklin J. Fabre was born in the Dominican Republic and immigrated to New York in 1988 at the age of 16. He graduated from Lehman College in 2004 with a degree in Computer Information Systems, and in 2008 completed an MBA in management of technology from the New Jersey Institute of Technology.

After graduating from Lehman, Franklin decided to open his own financial services business. At the beginning, the business focused more on services used mostly by the immigrant community, such as money transfer, international calling cards, and bill payments, but eventually the business prioritized income tax preparation and financial services. Franklin consulted Sam Ballena at the Bronx SBDC for assistance with marketing and financing.

 He obtained a loan through ACCION and contributed $200,000 in equity. The business grew rapidly and Franklin was able to expand his business by opening stores in Queens and New Jersey. Franklin, a proud member of the Latino Association of Tax Preparers, is currently part of the First Cohort of The Bronx Business Bridge, a business incubator program sponsored by Lehman College and SBDC. He is a member of the Cooperative Education Program at Hostos Community College that provides internships to students. Franklin’s philosophy in business and in life is that everyone deserves 5 minutes of respectful attention no matter their education level or professional status. 


1 comment:

Richard C. Lambert said...

Its services are available for free, but only to New York SBDC clients. business technology