MONTHLY SERVICER REPORT Page: 1
Issuer: GREATAMERICA LEASING RECEIVABLES 2000-1, L.L.C.
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 5/21/2001 Run Date: Tue May 15, 2001
PAYMENT SUMMARY
- ---------------
Class Beginning Pass Through Interest Principal Total Ending
Name CUSIP Balance Rate Paid Paid Distribution Balance
- ----- --------- ------------- ------------ ---------- ------------ ------------ -------------
A-1 391533AA4 2,020,059.19 6.96088000% 12,108.42 2,020,059.19 2,032,167.61 0.00
A-2 391533AB2 61,874,575.23 7.36000000% 379,497.39 3,813,069.84 4,192,567.23 58,061,505.39
A-3 391533AC0 23,157,735.76 7.47000000% 144,156.91 0.00 144,156.91 23,157,735.76
A-4 391533AD8 44,023,820.59 7.51000000% 275,515.74 0.00 275,515.74 44,023,820.59
B 391533AE6 8,638,934.08 7.60000000% 54,713.25 384,448.29 439,161.54 8,254,485.80
C 391533AF3 9,031,612.90 7.75000000% 58,329.17 401,923.21 460,252.38 8,629,689.69
D 391533AG1 4,398,002.81 8.14000000% 29,833.12 195,719.13 225,552.25 4,202,283.68
Totals 153,144,740.56 954,154.00 6,815,219.65 7,769,373.65 146,329,520.91
Target
(defined) Investor
Class Principal
Class Percentage Amount
- ----- ---------- -------------
AGGSNR 83.4500 125,243,061.74
B 5.5000 8,254,485.80
C 5.7500 8,629,689.69
D 2.8000 4,202,283.68
(Retained) Certificate Balance 3,752,039.00
% of Agg. Collateral Value, beginning 2.3887%
% of Agg. Collateral Value, ending 2.5000%
Monthly Principal Amount 6,989,968.87
Additional Principal 0.00
Overcollateralization Balance, beginning 3,926,788.22
Overcollateralization Balance, ending 3,752,039.00
Cumulative Loss Amount 0.00
MONTHLY SERVICER REPORT Page: 2
Issuer: GREATAMERICA LEASING RECEIVABLES 2000-1, L.L.C.
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 5/21/2001 Run Date: Tue May 15, 2001
OTHER INFORMATION
- -----------------
AGGREGATE COLLATERAL VALUE (Discount Rate = 8.207%)
Initial Aggregate Discounted Contract Balance 241,226,414.17
Aggregate Discounted Contract Balance, beginning 157,071,528.78
Aggregate Discounted Contract Balance, ending 150,081,559.91
RESIDUAL ACCOUNT
Residual Account Balance, beginning 0.00
Residual Account Balance, ending 0.00
SERVICER ADVANCES
Cumulative un-reimbursed Servicer Advances, beginning 1,151,586.24
Unreimbursed Servicer Advances collected 556,895.93
Servicer Advances for the current Due Period 904,245.27
Non-recoverable Unreimbursed Servicer Advances 50,407.33
Cumulative un-reimbursed Servicer Advances, ending 1,448,528.25
PAYAHEAD ACCOUNT
Advance Payment Balance, beginning 3,430,128.02
Pymts rec'd in prior periods attributable to Current Due Period 3,231,265.30
Pymts attributable to Future Due Periods 2,125,272.47
Advance Payment Balance, ending 2,324,135.19
SUBSTITUTIONS
Defaulted Leases and Adj. Contracts Substituted to date, beginning 3,349,265.99
Defaulted Leases and Adj. Contracts Substituted this month 268,572.41
Defaulted Leases and Adj. Contracts Substituted to date, ending 3,617,838.40
% of Agg. Collateral Value at Cut-Off Date (not to exceed 10%) 1.50%
Non-Defaulted Leases or Adj. Contracts Substituted to date, beginning 0.00
Non-Defaulted Leases or Adj. Contracts Substituted this month 0.00
Non-Defaulted Leases or Adj. Contracts Substituted to date, ending 0.00
RESERVE FUND
Reserve Account Balance, beginning 2,412,264.14
Required Reserve Amount 2,412,264.14
Required Draw to Increase Available Funds 0.00
Reserve Fund Deficiency covered by Excess Available Funds 0.00
Excess Reserve Funds released to Waterfall 0.00
Reserve Account Balance, ending 2,412,264.14
MONTHLY SERVICER REPORT Page: 3
Issuer: GREATAMERICA LEASING RECEIVABLES 2000-1, L.L.C.
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 5/21/2001 Run Date: Tue May 15, 2001
OTHER INFORMATION (continued)
- -----------------------------
AVAILABLE FUNDS (COLLECTION ACCOUNT)
Scheduled Payments Received 5,709,508.19
Reinv. from Collection, Payahead, Residual, and Reserve Account 46,380.97
Past due payments received 556,895.93
Past due payments due on Early Termination (from Seller) 0.00
Proceeds from Prepayments not Replaced 879,202.35
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 904,245.27
Casualty and Termination Payments 0.00
Expired Contract Proceeds 183,685.43
Repurchase of Ineligible Contracts 0.00
Defaulted Contract Recoveries 16,850.00
Net decrease in Advance Lease Payments Balance 1,105,992.83
Excess Reserve Funds 0.00
Total Available Funds 9,402,760.97
DISTRIBUTION OF FUNDS
Pursuant to Section 7.05(a) of the Sale and Servicing Agreement
Available Funds 9,402,760.97
Reserve Fund Draw to Increase Available Funds 0.00
(i) To the Servicer, unreimbursed Servicer Advances 607,303.26
(iii) To the Servicer, Servicing Fee (75 bp) 98,169.71
(v) - (viii) Note Interest Paid 954,154.00
(ix) - (xvi) Note Principal Paid 6,815,219.65
(xvii) Reserve Fund Deposit 0.00
(xx) Remainder to the Issuer 927,914.36
DELINQUENCY AND LOSS INFORMATION
Number of Ending Contract
Contracts Balance Remain. Percentage
--------- --------------- ----------
Current 24,771 161,067,108.00 98.85%
31-60 days 81 995,395.02 0.61
61-90 days 16 447,138.30 0.27
91-120 days 21 435,849.62 0.27
Current Current Current Cumulative
Losses Recoveries Net Loss Net Loss Amount
- ------------ ------------ ------------ ---------------
276,486.60 22,544.63 253,941.97 2,895,525.71
RESIDUAL EVENT TRIGGERS
Average of Current Prior 2nd Prior
Last 3 Months Due Period Due Period Due Period
------------- ---------- ---------- ----------
Residual Realization Percentage 138.44% 131.93% 145.33% 138.06%
Delinquency Percentage 1.16 1.15 1.00 1.32
Cumulative Net Loss Percentage 1.20 1.10 1.01
Residual Event? No
The undersigned officer of the Servicer hereby certifies that the information
contained in this Monthly Servicer Report is true and accurate in all respects;
and that no Servicer Default or event that with notice or lapse of time or both
would become a Servicer default, has occurred.
GreatAmerica Leasing Corporation, as Servicer
By: /s/Stanley Herkelman
-----------------------
Stan Herkelman
Chief Financial Officer