For Subscribers

Passing The Bread

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

By Pamela Rohland •

Opinions expressed by Entrepreneur contributors are their own.

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.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve
Join Now Log In

Related Topics

Magazine Entrepreneur Magazine

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.
The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy
After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.
6 Questions to Ask Before You Begin Your Franchise Search
Having Trouble Speaking Up in Meetings? Try This Strategy.
He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game

Most Popular

See all
Money & Finance

5 Things You Need to Know Before Taking Your Business Public

Ready for that next big step? Here are a few strategies to take into consideration when preparing for an IPO.

By Alexander Dillon

Business News

'This Conduct Is Wrong And Criminal': Amazon Consultant Will Plead Guilty To Bribing Amazon Employees

U.S. prosecutors charged six people for a scheme that involved bribes to Amazon employees for reinstating the accounts of sellers who were removed from Amazon.

By Gabrielle Bienasz

Business News

These Are the Most and Least Affordable Places to Retire in The U.S.

The Northeast and West Coast are the least affordable, while areas in the Mountain State region tend to be ideal for retirees on a budget.

By Madeline Garfinkle

By Emily Rella

Business News

Leaked Documents Show Twitter Has Been Prioritizing 35 'VIP' Accounts

The list reportedly includes a slew of different public figures.

By Emily Rella

Business News

JPMorgan Shares 4 Charts That Put the Banking Crisis Into Perspective — and Show Why the Tech Recession May Already Be Over

Although 481 tech companies have already announced layoffs this year, a JPMorgan analyst noted that these headcount reductions seem to have peaked in January.

By Lisa Kailai Han