Saturday, June 27, 2009

Merchant Cash Advances A Solution For Advanta Cardholders?

According to, Advanta Corp, a leading provider of small business credit cards, recently terminated its customer credit-card accounts due to a reported astounding 20% bad debt rate. For those former Advanta customers that need access to working capital in this challenging credit environment, perhaps a merchant cash advance can be an excellent alternative solution to a traditional business credit card which requires a personal guarantee unlike a traditional merchant cash advance.

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