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Passing The Bread

Subway's co-founder helps you with your start-up dough

This story appears in the September 2000 issue of Entrepreneur. Subscribe »

Sometimes all it takes is a little cash and someone to believe in you for a business to blossom. No one knows that better than Fred DeLuca, who started the Subway chain of sandwich shops in 1965 with just $1,000.

Today, the co-founder of the $3 billion business wants to nourish the ideas of budding entrepreneurs who may be as cash-strapped as he once was. His nonprofit Micro Investment Lending Enterprise (MILE) grants loans of $700 to $1,500 to people at or below the poverty level who want to start businesses.

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