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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 16, 2000
Advanta Business Receivables Corp., as Transferor
on behalf of Advanta Business Card Master Trust
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(Exact Name of Registrant as Specified in Charter)
<TABLE>
<S> <C> <C>
Nevada 333-32874 23-2852207
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(State or Other Jurisdiction of (Commission File (IRS Employer
Incorporation) Number) Identification Number)
</TABLE>
Advanta Business Receivables Corp.
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(Exact Name of Registrant as Specified in Charter)
<TABLE>
<S> <C> <C>
Nevada 333-32874 23-2852207
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(State or Other Jurisdiction of (Commission File (IRS Employer
Incorporation) Number) Identification Number)
</TABLE>
Attention: General Counsel
639 Isbell Road
Suite 390
Reno, Nevada 89509
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (775) 823-3080
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(Former name or former address, if changed since last report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
Description of the Notes and the Receivables.
Advanta Business Receivables Corp. (the "Registrant") registered the
Advanta Business Card Master Trust Asset Backed Notes on a delayed or continuous
basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the
"Act"), by the Registration Statement on Form S-3 (file No. 333-32874), as
amended (the "Registration Statement").
As set forth in the Registration Statement, the Registrant formed
Advanta Business Card Master Trust (the "Issuer") which intends to issue
$386,000,000 in aggregate principal amount of its Series 2000-C Asset Backed
Notes (the "Notes") on November 16, 2000 (the "Closing Date").
This Current Report Form 8-K is being filed to satisfy an undertaking
to file copies of certain opinions to be issued in connection with the issuance
of the Notes, the forms of which were filed as exhibits to the Registration
Statement.
The primary assets of the Issuer are a pool of receivables in a
portfolio of Mastercard(R)(1) business revolving credit card accounts.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable
(b) Not applicable
(c) Exhibits
Exhibit No. Description
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5.1 Opinion of Wolf, Block, Schorr and Solis-Cohen LLP with
respect to legality, dated November 16, 2000.
8.1 Opinion of Wolf, Block, Schorr and Solis-Cohen LLP with
respect to tax matters, dated November 16, 2000.
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(1) MasterCard(R)is a federally registered trademark of MasterCard
International Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: November 15, 2000
ADVANTA BUSINESS CARD MASTER TRUST
By: Advanta Bank Corp., as attorney-in-fact
By: /s/ Mark B. Hales
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Name: Mark B. Hales
Title: President
ADVANTA BUSINESS RECEIVABLES CORP.
By: /s/ Mark Shapiro
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Name: Mark Shapiro
Title: Treasurer
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EXHIBIT INDEX
Exhibit No. Description
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5.1 Opinion of Wolf, Block, Schorr and Solis-Cohen LLP with
respect to legality, dated November 16, 2000.
8.1 Opinion of Wolf, Block, Schorr and Solis-Cohen LLP with
respect to tax matters, dated November 16, 2000.
