Passing The Bread
Subway's co-founder helps you with your start-up dough
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Sometimes all it takes is a little cash and someone to believein you for a business to blossom. No one knows that better thanFred DeLuca, who started the Subway chain of sandwich shops in 1965with just $1,000.
Today, the co-founder of the $3 billion business wants tonourish the ideas of budding entrepreneurs who may be ascash-strapped as he once was. His nonprofit Micro InvestmentLending Enterprise (MILE) grants loans of $700 to $1,500 to peopleat or below the poverty level who want to start businesses.
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