The vast majority of small business owners rely on credit to fund the operations of their businesses: to make payroll, buy supplies, and smooth out their operational cash flow. Any disruption to the supply of credit to these firms can be very damaging to our economy. According to SmallBusinessNotes.com (1); "America's small businesses - some 20 million strong - are the strength of our nation's economy. They account for 39 percent of the country's gross national product, create two out of every three new jobs and produce two and one half times as many innovations per employee as do large firms." Well, those 20 million small businesses are about to find their supply of credit seriously disrupted. Why? As of May 30th, 2009, one of the largest small business credit card issuers, Advanta Corp. (Nasdaq: ADVNA (2) and ADVNB (3)), stated that all Advanta Business Credit Card accounts will be closed indefinitely. This includes purchases, checks and balance transfers to[More...]

The vast majority of small business owners rely on credit to fund the operations of their businesses: to make payroll, buy supplies, and smooth out their operational cash flow. Any disruption to the supply of credit to these firms can be very damaging to our economy. According to SmallBusinessNotes.com; “America’s small businesses - some 20 million strong [...]