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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 May 12, 1998

                         ADVANTA BUSINESS SERVICES CORP.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)



                                                              
                 Delaware                         333-38575                    23-2333786
- ---------------------------------------        ----------------       -------------------------------
             (State or Other                   (Commission File       (I.R.S. Employer Identification
      Jurisdiction of Incorporation)               Number)                            No.)
                                                                                              

          1020 Laurel Oak Road                                                     
          Voorhees, New Jersey                                                     08043
- ---------------------------------------                                ------------------------------  
(Address of Principal Executive Offices)                                           (Zip Code)



        Registrant's telephone number, including area code (609) 782-7300
                                                           -------------- 
                                    No Change
        -----------------------------------------------------------------
          (Former name or former address, if changed since last report)


                      ADVANTA LEASING RECEIVABLES CORP. IV
             ------------------------------------------------------
            (Exact name of registrant as specified in its charter)
 
                                                             

                                                                   
                  Nevada                             333-38575-01                   88-0387072
 --------------------------------------------       ---------------      -------------------------------
(State or Other Jurisdiction of Incorporation)     (Commission File      (I.R.S. Employer Identification
                                                        Number)                        No.)
                                                                                                        

            1325 Airmotive Way                                                     
               Reno, Nevada                                                          89502
- ---------------------------------------------                                      ----------                            
   (Address of Principal Executive Offices)                                        (Zip Code)




        Registrant's telephone number, including area code (702) 322-2221
                                                           -------------- 

                                    No Change
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)


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                       ADVANTA LEASING RECEIVABLES CORP. V
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                                                             

                                                                    
                      Nevada                         333-38575-02                   88-0387073
- ----------------------------------------------      ---------------       ------------------------------                 
(State or Other Jurisdiction of Incorporation)     (Commission File       (I.R.S. Employer Identification
                                                        Number)                       No.)
                                                                                                                

               1325 Airmotive Way                                                    
                 Reno, Nevada                                                        89502
   ----------------------------------------                                        ---------              
   (Address of Principal Executive Offices)



        Registrant's telephone number, including area code (702) 322-2221
                                                           -------------- 

                                    No Change
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)



                                                            
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Item 7.  Financial Statements and Exhibits


         The following exhibit is furnished herewith:

         21       Monthly Servicer's Certificate issued on May 12, 1998 relating
                  to the Equipment Receivables Asset-Backed Notes, Series
                  1998-1, prepared by the Servicer and sent to the Trustee
                  pursuant to Section 3.06(a) of the Series 1998-1 Supplement
                  dated as of April 14, 1998 covering the period of April 1,
                  1998 through April 30, 1998.


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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 thereunto duly authorized.


                                         ADVANTA BUSINESS SERVICES CORP.,
                                         As Registrant

                                         By     /s/  CHARLES H. PODOWSKI

                                         Name:  Charles H. Podowski
                                         Title: Director


Dated:   May 15, 1998



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         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 thereunto duly authorized.


                                   ADVANTA LEASING RECEIVABLES CORP. IV,
                                   As Registrant

                                   By       /s/  SUSAN A. McVEIGH

                                   Name:    Susan A. McVeigh
                                   Title:   Director


Dated:   May 15, 1998



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         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 thereunto duly authorized.


                                       ADVANTA LEASING RECEIVABLES CORP. V,
                                       As Registrant

                                       By       /s/  SUSAN A. McVEIGH

                                       Name:    Susan A. McVeigh
                                       Title:   Director


Dated:   May 15, 1998



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                                  Exhibit Index


Exhibit No.                                                            Page
- -----------                                                            ----
   21.1          Monthly Servicer's Certificate dated May 12, 1998      8
                 prepared by the Servicer and sent to the Trustee
                 pursuant to Section 3.06(a) of the Series 1998-1
                 Supplement covering the period of April 1, 1998
                 through April 30, 1998.


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