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ASSET-BACKED FINANCING FACILITY
Advanta Business Services Corp., as Servicer
Monthly Servicer Certificate
Collection Period: April 1, 2000 - April 30, 2000
Settlement Date: 15-May-00
A. SERIES INFORMATION
Advanta Leasing Receivables Corp. VIII and
Advanta Leasing Receivables Corp. IX
Equipment Receivables Asset-Backed Notes,
Series 1999-1
I. SERIES INFORMATION INCLUDING PLEDGED PROPERTY CONVEYED
(a.) Beginning Aggregate Contract Principal Balance ................................................. $ 67,140,465.21
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(b.) Contract Principal Balance of all Collections allocable to Contracts ........................... $ 4,313,901.01
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(c.) Contract Principal Balance of Charged-Off Contracts ............................................ $ 221,360.33
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(e.) Ending Aggregate Contract Principal Balance of all Contracts as of this Settlement Date ........ $ 62,605,203.87
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BALANCES ON THIS SETTLEMENT DATE
(d.) Class A Principal Balance as of this
Settlement Date (Class A Note Factor) 0.5154991 $ 50,970,556.05
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(e1.) Ending Class A-1 Principal Balance 0.0593747 $ 3,023,921.05
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(e2.) Ending Class A-2 Principal Balance 1.0000000 $38,500,927.00
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(e3.) Ending Class A-3 Principal Balance 1.0000000 $ 9,445,708.00
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(f.) Ending Class B Principal Balance as of this
Settlement Date (Class B Note Factor) 1.0000000 $ 11,599,991.00
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II. COMPLIANCE RATIOS
(a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts .................................. $68,561,073.88
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(b.) CBR of Contracts 1 - 30 days delinquent ........................................................ $ 7,008,381.03
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(c.) % of Delinquent Contracts 1- 30 days as of the related Calculation Date ....................... 10.22%
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(d.) CBR of Contracts 31 - 60 days delinquent ....................................................... $ 3,059,184.24
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(e.) % of Delinquent Contracts 31- 60 days as of the related Calculation Date ...................... 4.46%
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(f.) CBR of Contracts 61 - 90 days delinquent ....................................................... $ 1,559,883.40
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(g.) % of Delinquent Contracts 61- 90 days as of the related Calculation Date ...................... 2.28%
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(h.) CBR of Contracts 91 - 120 days delinquent ...................................................... $ 1,379,351.48
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(i.) % of Delinquent Contracts 91- 120 days as of the related Calculation Date ..................... 2.01%
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(j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date ................... 8.75%
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(j2.) Month 2: Mar-00 ............................................................... 9.22%
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(j3.) Month 3: Feb-00 ............................................................... 10.68%
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(j4.) Three month rolling average % of Delinquent Contracts 31 days or more .......................... 9.55%
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(k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) ......................... 2.01%
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(k2.) Month 2: Mar-00 ............................................................... 4.49%
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(k3.) Month 3: Feb-00 ............................................................... 2.07%
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(k4.) Three month rolling average % for Defaulted Contracts .......................................... 2.86%
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Does the Cumulative Loss % exceed
(l1.) The Loss Trigger Level % from Beginning Period to and including 12th Collection
Period ? . Y or N .............................................................................. NO
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(l2.) The Loss Trigger Level % from 13th Collection Period to and including 24th Collection
Period ? .Y or N. .............................................................................. n/a
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(l3.) The Loss Trigger Level % from 25th Collection Period and thereafter ? Y or N ............... n/a
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(m1.) Residual Realization for the related Collection Period ......................................... 130.89%
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(m2.) Month 2: Mar-00 ............................................................... 115.87%
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(m3.) Month 3: Feb-00 ............................................................... 123.97%
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(m4.) Three month rolling average Residual Realization Ratio ......................................... 123.58%
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(n.) Does the three month rolling Residual Realization ratio exceed 100% Y or N ................ YES
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III. FLOW OF FUNDS
(1.) The amount on deposit in Available Funds ....................................................... $ 5,190,616.35
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(2.) The prepayment amounts deposited, if any, by the Issuers' to the Collection
Account for removal of defaulted contracts ..................................................... $ -
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(3.) Total deposits in the Collection Account to be used as available funds on this
Payment Date ................................................................................... $ 5,190,616.35
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(a.) To the Servicer, Unrecoverable Servicer Advances / Initial Unpaid Balance
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(b.) To the Servicer, the Servicing Fee and miscellaneous amounts, if any ........................... $ 55,950.39
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To Series 1999-1 Noteholders:
(c.) To Class A, the total Class A Note Interest and Class A Overdue Interest for
the related period ............................................................................. $ 301,255.46
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Interest on Class A-1 Notes ................... $ 33,904.18
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Interest on Class A-2 Notes ................... $ 213,038.46
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Interest on Class A-3 Notes ................... $ 54,312.82
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(d.) Interest on Class B Notes for the related period ............................................... $ 70,276.61
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(e.) To Series 1999-1 Noteholders:
To Class A, the total applicable Principal Payment ............................................. $ 4,535,261.34
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Principal Payment to Class A-1 Noteholders .... $ 4,535,261.34
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Principal Payment to Class A-2 Noteholders .... $ --
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Principal Payment to Class A-3 Noteholders .... $ --
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To Class B for applicable Principal Payment to the extent of the
Class B Floor .................................................................................. $ --
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(f.) To the Reserve Account :
The amount needed to increase the amount in the Reserve Account
to the Required Reserve ........................................................................ $ 227,872.55
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(g.) Upon the occurrence of a Residual Event the lesser of:
(A) the remaining Available Funds and ........................... $ --
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(B) the aggregate amount of Residual Receipts included in
Available Funds ............................................. $ --
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To be deposited to the Residual Account ........................................................ $ --
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(h.) To the Issuers, as owner of the Pledged Assets, any remaining
Available Funds on deposit in the Collection Account (the
"Issuers' Interest") ........................................................................... $ --
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IV. SERVICER ADVANCES
(a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period ................ $ 1,467,355.40
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(b.) Servicer Advances reimbursed during the Collection Period ...................................... $ 61,667.80
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(c.) Amount of unreimbursed Service Advances to be reimbursed on the
Settlement Date ................................................................................
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(d.) Servicer Advances made during the related Collection Period .................................... $ 78,169.33
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(e.) Aggregate amount of Servicer Advances at the end of the Collection
Period ......................................................................................... $ 1,483,856.93
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(f.) Amount of delinquent Scheduled Payments for which Servicer Advances
were not made .................................................................................. $ --
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V. RESERVE ACCOUNT
(a.) Amount on deposit at the beginning of the related Collection Period ............................ $ 2,106,460.16
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(b.) Amount of interest earnings reinvested for the related Monthly Period .......................... $ 9,967.71
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(c.) Amounts used to cover shortfalls, if any, for the related Collection Period ................... $ --
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(d.) Amounts transferred from the Collection Account, if applicable ................................. $ 227,872.55
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(e.) Balance remaining before calculating Required Reserve Amount ................................... $ 2,344,300.42
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(f.) Required Reserve Amount needed as of the related Collection Period ............................. $ 3,128,527.35
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(g1.) If (d) above is greater than (e), then excess amount to be transferred to
the Series Obligors ............................................................................ $ --
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(g2.) If (e) is greater than (d), then amount of shortfall ........................................... $ 784,226.93
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(h.) Amounts on deposit at the end of the related Collection Period (e minus g1) .................... $ 2,344,300.42
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(i.) Is the Required Reserve Amount equal to the balance in the Reserve Account
as of the related Collection period ? Y or N ................................................... NO
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VI. RESIDUAL ACCOUNT
(a.) Amount on deposit at the beginning of the related Collection Period ............................ $ --
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(b.) Amounts transferred from the Collection Account ................................................ $ --
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(c.) Amounts used to cover shortfalls for the related Collection Period ............................. $ --
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(d.) Amount on deposit at the end of the related Collection Period .................................. $ --
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VII. ADVANCE PAYMENTS
(a.) Beginning aggregate Advance Payments ........................................................... $ 975,000.97
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(b.) Add: Amount of Advance Payments collected during the related Collection Period ................ $ 465,363.63
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(c.) Add: Investment earnings for the related Collection Period ................................... $ --
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(d.) Less: Amount of Advance Payments withdrawn for deposit into Facility Account ................... $ 666,675.06
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(e.) Ending aggregate Advance Payments .............................................................. $ 773,689.54
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ADVANTA BUSINESS SERVICES CORP., as Servicer
By: /s/ John Paris
Title: SR VP
Date: 05/10/00
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