UNITEDTable STATES SECURITIESof AND EXCHANGE COMMISSION Contents

~~Washington,~~UNITED ~~D.C.~~STATES SECURITIES ~~20549~~AND EXCHANGE COMMISSION

~~FORM~~Washington, ~~8-K~~D.C. 20549

~~CURRENT~~FORM ~~REPORT~~8-K ~~Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934~~

~~Date~~CURRENT ofREPORT Pursuant ~~Report~~to Section 13 or 15(~~Date~~d) of ~~earliest~~the ~~event~~Securities ~~reported):~~Exchange ~~June 27,~~Act ~~2008~~of 1934

~~ADVANTA~~Date ~~BUSINESS~~of ~~CARD~~Report ~~MASTER~~(Date ~~TRUST~~of earliest event reported): June 10, 2009

~~(Issuing~~ADVANTA ~~Entity)~~BUSINESS CARD MASTER TRUST

~~ADVANTA~~(Issuing ~~BANK CORP.~~Entity)

~~(Exact~~ADVANTA ~~name~~BANK ~~of sponsor as specified in its charter)~~CORP.

~~ADVANTA~~(Exact ~~BUSINESS~~name ~~RECEIVABLES~~of ~~CORP.~~ sponsor as specified in its charter)

Nevada	333-141065 and 333-32874	23-2852207
(State or Other Jurisdiction of	(Commission File Numbers)	(IRS Employer Identification
Incorporation)		Number)

ADVANTA BUSINESS RECEIVABLES CORP.

~~Central Index Key~~ (~~CIK~~Depositor)~~: 0001107920~~

~~2215~~(Exact Bname ~~Renaissance~~of ~~Drive,~~registrant ~~Suite 5 Las~~as ~~Vegas,~~specified ~~Nevada 89119 (Address~~in ofits ~~Principal Executive Offices~~charter)

Registrant’s telephone number, including area code: (702) 966-4246


Nevada	333-141065 and 333-32874	23-2852207
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


2215 B Renaissance Drive, Suite 5
Las Vegas, Nevada		89119
(Address of Principal Executive Offices)		(Zip Code)

oRegistrant’s ~~Written~~telephone ~~communication~~number, ~~pursuant~~including toarea ~~Rule~~code: ~~425 under the Securities Act~~ (~~17 CFR 230.425~~702) ~~o Soliciting material pursuant to Rule 14a~~ 966-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))4246

~~Information~~Check the appropriate box below if the Form 8-K filing is intended to besimultaneously ~~Included~~satisfy inthe filing obligation of the ~~Report~~registrant under any of the following provisions (see General Instruction A.2. below):

~~Section 8~~o –Written ~~Other~~communication ~~Events~~ pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item 8.01~~TABLE –OF ~~Other Events~~ CONTENTS

OnItem ~~June 27,~~2.04—Triggering ~~2008,~~Events ~~Advanta~~That ~~Business~~Accelerate ~~Card~~or ~~Master~~Increase ~~Trust~~a ~~issued~~Direct ~~$150,000,000~~Financial inObligation ~~initial~~or ~~principal balance~~an ofObligation ~~its~~under ~~AdvantaSeries Class A(2008-A3)~~an ~~Asset Backed Notes (the “Issued Notes”). The Issued Notes were registered pursuant to the Registration Statement on Form S~~Off-3,Balance asSheet ~~amended~~Arrangement ~~(File No. 333-141065).~~ SIGNATURES

TheTable Issued Notes are part of a series of notes called the AdvantaSeries. The AdvantaSeries consists of Class A Notes, Class B Notes, Class C Notes and Class D Notes. The Issued Notes are a tranche of the Class A Notes. Contents

~~Section 9~~Information –to ~~Financial~~be ~~Statements~~Included ~~and~~in ~~Exhibits~~the Report

~~Item 9.01~~Section –2 — Financial ~~Statements and Exhibits~~ Information

~~The~~Item ~~following~~2.04 ~~exhibits~~— ~~are~~Triggering ~~filed~~Events asThat ~~part~~Accelerate ofor ~~this~~Increase ~~report:~~ a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

~~1.1~~Defined ~~Underwriting~~terms ~~Agreement,~~used ~~dated~~in ~~June~~this ~~23,~~Form ~~2008,~~8-K ~~among~~but ~~Advanta~~not ~~Business~~defined ~~Receivables~~herein ~~Corp.,~~have ~~Advanta~~the ~~Bank~~meanings ~~Corp.~~ascribed ~~and~~to ~~Greenwich~~them ~~Capital Markets, Inc. and Deutsche Bank Securities Inc., each as a representative of the Underwriters.~~in:

4.• the Advanta Business Card Master Trust (“ABCMT”) Master Indenture dated as of August 1, ~~AdvantaSeries~~2000 ~~Class~~(as Aamended, the “Master Indenture”), which was filed with the Securities and Exchange Commission (~~2008~~“SEC”) by ABRC on a Form 8-A3K on August 30, 2000 (File No. 333-32874; CIK 0001107920) ~~Terms~~(the ~~Document~~“August 2000 Form 8-K”), as amended by Amendment No. 1 thereto, dated as of ~~June~~May 279, ~~2008~~2006, ~~between~~which was filed with the SEC by Advanta Business ~~Card~~Receivables ~~Master~~Corp. ~~Trust~~(“ABRC”) on a Form 8-K on May 19, 2006 (File No. 333-32874; CIK 0001107920) (the “May 2006 Form 8-K”); • the Transfer and ~~Deutsche~~Servicing ~~Bank~~Agreement, ~~Trust~~dated ~~Company~~as ~~Americas~~of August 1, 2000, which was filed with the SEC by ABRC on the August 2000 Form 8-K, as amended by Amendment No. 1 thereto, dated as of May 9, 2006, which was filed with the SEC by ABRC on the May 2006 Form 8-K; and • the AdvantaSeries Indenture ~~Trustee~~Supplement, dated as of November 1, 2004 (“AdvantaSeries Supplement” and together with the Master Indenture, the “Indenture”), which was filed with the SEC by ABRC on a Form 8-K on November 12, 2004 (File No. 333-81788; CIK 0001107920).

~~SIGNATURES~~The AdvantaSeries Excess Spread Amount for the May Monthly Period was negative which caused the average Excess Spread Amount for the preceding three Monthly Periods (March through May) to be negative, resulting in an AdvantaSeries Pay Out Event pursuant to section 6.01(c) of the AdvantaSeries Supplement. As a result of the occurrence of this AdvantaSeries Pay Out Event, beginning on the June 22, 2009 Payment Date, principal on the outstanding AdvantaSeries Notes will become payable pursuant to, and in accordance with, the terms of the Indenture. As of the date of this filing, the aggregate outstanding principal amount of the AdvantaSeries Notes is $3,670,000,000.

~~Pursuant~~Payments of principal to the ~~requirements~~AdvantaSeries Noteholders will only occur to the extent of available collections allocated to the ~~Securities~~AdvantaSeries ~~Exchange~~and ~~Act~~will be subject to the terms of ~~1934~~the Indenture, including, among other things, the ~~registrant~~subordination ~~has~~provisions. ~~duly caused~~Beginning ~~this~~on ~~report~~June 1, 2009 and subject to bethe ~~signed~~terms onof ~~its~~the ~~behalf~~Indenture, all ABCMT principal collections that are allocated to the AdvantaSeries are being deposited by the ~~undersigned~~Servicer ~~hereunto~~into ~~duly~~the ~~authorized~~Collection Account for payment to the AdvantaSeries Noteholders. The AdvantaSeries Notes are obligations of ABCMT and are not obligations of Advanta Business Receivables Corp, Advanta Bank Corp., Advanta Corp. or any of their affiliates.

~~Date:~~Collections ~~June 27~~of Finance Charge and Administrative Receivables allocated to the AdvantaSeries are being deposited by the Servicer into the Collection Account and, ~~2008~~to the extent available, will continue to be used to make payments of interest on the AdvantaSeries Notes and other payments in accordance with the terms of the Indenture.

ADVANTATable BUSINESSof RECEIVABLES CORP. By: /s/ Michael Coco Name: Michael Coco Title: PresidentContents

~~EXHIBIT INDEX~~SIGNATURES

Exhibit No.		Description
1.1		Underwriting Agreement, dated June 23, 2008, among Advanta Business Receivables Corp., Advanta Bank Corp. and Greenwich Capital Markets, Inc. and Deutsche Bank Securities Inc., each as a representative of the Underwriters.
4.1		AdvantaSeries Class A(2008-A3) Terms Document, dated as of June 27, 2008, between Advanta Business Card Master Trust and Deutsche Bank Trust Company Americas, as Indenture Trustee.

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: June 10, 2009


		ADVANTA BUSINESS RECEIVABLES CORP.

		By:		/s/ Michael Coco

		Name:		Michael Coco
		Title:		President

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