Advanta has announced that they will be no longer offering small business credit cards. With only 3 days of warning they have indicated via e-mail and on their website they are no longer able to fund activity due to their own financing problems.
Small Business owners have appreciated the focus that Advanta has given them. Unfortenatly, this is going to make it more difficult to obtian working capital. For many small business owners Advanta was some of the first credit they they obtianed to operate their businesses.
Problems with the credit card companies is going to have a “trickle-down” effect and harm small business and the overall economy. Good bye Advanta. It was nice to know you.
