2/19/2009

Nervous banks are paying less interest on deposits while charging more for loans. But entrepreneurs seeking startup cash can borrow from friends and relatives to narrow the spread -- offering 1% to 2% more than high-yield savings account rates for investors while paying 2% to 3% less than banks would charge on interest. That's just one financing tip from Asheesh Advani, who started his own company in the depths of a previous recession.

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