Fabian Howe

Name: Farmers Insurance
Location: Ocean Township

Like millions of Americans, Fabian Howe and his wife took a big hit during the recent housing crisis and recession.  He lost two corporate sales positions within three years  in down-sizings and his credit report suffered, jeopardizing the solid middle class life he had worked so hard to achieve.

Fabian proudly displays a performance award from Farmers Insurance
Fabian proudly displays a performance award from Farmers Insurance

But Fabian saw his lay-off as an opportunity to reinvent himself .  With fourteen years of sales and account management experience behind him, he launched a Farmers Insurance agency in 2013.  He started out commuting three hours a day to one of Farmers’ main offices in Cherry Hill.  Within a year,  Fabian built a large enough portfolio to move into his own one-room space above a dentist’s office, ten minutes from his home.

Hard work paid off and despite being in a hard-to-find location, Fabian was ready to move into larger, more accessible quarters by 2015.

Fabian found the perfect location in Ocean Township with plenty of visibility from a busy highway. The only catch  - he needed help to defray his start-up costs, like the security deposit, two months’ rent, and leasehold improvements.  He needed $15,000 along with his own $5,000 to seal the deal.

Unfortunately, Fabian could not find a bank willing to take a chance on his young business and damaged credit history. That’s when UCEDC stepped in.

UCEDC saw an experienced professional who had built a sustainable business and was willing to work as hard as it took to make it successful.  We were happy to provide Fabian with a microloan to give him the start-up boost he needed and hope he will come back to UCEDC for future financing when he’s ready to grow even more.

Learn more about the Fabian Howe Agency.
129 State Route 35, Suite B
Ocean, NJ  07712