ASSET-BACKED FINANCING FACILITY ADVANTA BUSINESS SERVICES CORP., AS SERVICER MONTHLY SERVICER CERTIFICATE THE PAYMENT DATE OF AUGUST 15, 2002 INCORPORATES THE OPTIONAL "CLEAN-UP CALL" REDEMPTION OF SERIES 1999-1 NOTES (PER SECTION 5.01 OF THE SERIES 1999-1 SUPPLEMENT) COLLECTION PERIOD: July 1, 2002 - July 31, 2002 ---------------------------- SETTLEMENT DATE: 15-Aug-02 -------------------- 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 $ 5,923,191.33 -------------- (b.) Contract Principal Balance of all Collections allocable to Contracts $ 625,838.59 -------------- (c.) Contract Principal Balance of Charged-Off Contracts $ 36,532.95 -------------- (e.) Ending Aggregate Contract Principal Balance of all Contracts as of this Settlement Date $ 5,260,819.79 -------------- BALANCES ON THIS SETTLEMENT DATE (d.) Class A Principal Balance as of this Settlement Date (Class A Note Factor) 0.0000000 0.00 ---------- -------------- (e1.) Ending Class A-1 Principal Balance 0.0000000 $ - ---------- --------------- (e2.) Ending Class A-2 Principal Balance 0.0000000 $ - ---------- --------------- (e3.) Ending Class A-3 Principal Balance 0.0000000 0.00 ---------- --------------- (f.) Ending Class B Principal Balance as of this Settlement Date (Class B Note Factor) 0.0000000 0.00 ---------- -------------- II. COMPLIANCE RATIOS (a.) Aggregate Contract Balance Remaining ("CBR") of all Contracts $ 5,533,702.95 -------------- (b.) CBR of Contracts 1 - 30 days delinquent $ 592,149.51 -------------- (c.) % of Delinquent Contracts 1- 30 days as of the related Calculation Date 10.70% -------------- (d.) CBR of Contracts 31 - 60 days delinquent $ 181,477.17 -------------- (e.) % of Delinquent Contracts 31- 60 days as of the related Calculation Date 3.28% -------------- (f.) CBR of Contracts 61 - 90 days delinquent $ 134,376.72 -------------- (g.) % of Delinquent Contracts 61- 90 days as of the related Calculation Date 2.43% -------------- (h.) CBR of Contracts > 91 days delinquent $ 73,952.79 -------------- (i.) % of Delinquent Contracts > 91 days as of the related Calculation Date 1.34% -------------- (j1.) % of Delinquent Contracts 31 days or more as of the related Calculation Date 7.04% -------------- (j2.) Month 2: Jun-02 8.35% -------------- -------------- (j3.) Month 3: May-02 7.30% -------------- -------------- (j4.) Three month rolling average % of Delinquent Contracts 31 days or more 7.57% -------------- (k1.) Net Charge-Off % for the related Collection Period (annualized 30/360) * 0.09% -------------- (k2.) Month 2: Jun-02 3.44% -------------- -------------- (k3.) Month 3: May-02 0.00% -------------- -------------- (k4.) Three month rolling average % for Defaulted Contracts 1.18% -------------- Does the Cumulative Loss % exceed (l1.) The Loss Trigger Level % from Beginning Period to and including 12th Collection Period? Y or N n/a -------------- (l2.) The Loss Trigger Level % from 13th Collection Period to and including 24th Collection Period? Y or N n/a -------------- (l3.) The Loss Trigger Level % from 25th Collection Period and thereafter? Y or N NO -------------- (m1.) Residual Realization for the related Collection Period 131.05% -------------- (m2.) Month 2: Jun-02 147.04% -------------- -------------- (m3.) Month 3: May-02 127.39% -------------- -------------- -------------- (m4.) Three month rolling average Residual Realization Ratio 135.16% -------------- Page 1 of 3 (n.) Does the three month rolling Residual Realization ratio exceed 100% Y or N YES -------------- III. FLOW OF FUNDS (1.) The amount on deposit in Available Funds $ 891,595.25 -------------- (2.) The prepayment amounts deposited, if any, by the Issuers' to the Collection Account for removal of defaulted contracts $ - -------------- (3.) The amount of available funds on deposit in the Series 1999-1 Facility Account for Optional "Clean-up Call" Redemption $ 5,071,229.12 -------------- (4.) Total deposits in the Collection Account to be used as available funds on this Payment Date $ 5,962,824.37 -------------- (a.) To the Servicer, Unrecoverable Servicer Advances / Initial Unpaid Balance $ -- -------------- (b.) To the Servicer, the Servicing Fee and miscellaneous amounts, if any $ 4,935.99 -------------- To Series 1999-1 Noteholders: (c.) To Class A, the total Class A Note Interest and Class A Overdue Interest for the related period $ 22,147.64 -------------- Interest on Class A-1 Notes $ -- --------------- Interest on Class A-2 Notes $ -- --------------- Interest on Class A-3 Notes $ 22,147.64 --------------- (d.) Interest on Class B Notes for the related period $ 12,549.40 -------------- (e.) To Series 1999-1 Noteholders: To Class A, the total applicable Principal Payment $ 3,851,764.13 -------------- Principal Payment to Class A-1 Noteholders $ -- --------------- Principal Payment to Class A-2 Noteholders $ -- --------------- Principal Payment to Class A-3 Noteholders $ 3,851,764.13 --------------- To Class B for applicable Principal Payment to the extent of the Class B Floor $ 2,071,427.21 -------------- (f.) To the Reserve Account: The amount needed to increase the amount in the Reserve Account to the Required Reserve $ -- -------------- (g.) Upon the occurrence of a Residual Event the lesser of: (A) the remaining Available Funds and $ -- --------------- (B) the aggregate amount of Residual Receipts included in Available Funds $ -- --------------- To be deposited to the Residual Account $ -- -------------- (h.) To the Issuers, as owner of the Pledged Assets, any remaining Available Funds on deposit in the Collection Account (the "Issuers' Interest") 0.00 -------------- IV. SERVICER ADVANCES (a.) Aggregate amount of Servicer Advances at the beginning of the Collection Period $ 189,611.27 -------------- (b.) Servicer Advances reimbursed during the Collection Period $ 13,275.46 -------------- (c.) Amount of unreimbursed Service Advances to be reimbursed on the Settlement Date $ - -------------- (d.) Servicer Advances made during the related Collection Period $ 1,351.78 -------------- (e.) Aggregate amount of Servicer Advances at the end of the Collection Period $ 177,687.59 -------------- (f.) Amount of delinquent Scheduled Payments for which Servicer Advances were not made $ - -------------- V. RESERVE ACCOUNT (a.) Amount on deposit at the beginning of the related Collection Period $ 1,104,761.18 -------------- (b.) Amount of interest earnings reinvested for the related Monthly Period $ 1,583.66 -------------- (c.) Amounts used to cover shortfalls, if any, for the related Collection Period $ - -------------- (d.) Amounts transferred from the Collection Account, if applicable $ - -------------- (e.) Balance remaining before calculating Required Reserve Amount $ 1,106,344.84 -------------- (f.) Required Reserve Amount needed as of the related Collection Period $ - -------------- (g1.) If (e) above is greater than (f), then excess amount to be transferred to the Series Obligors 1,106,344.84 -------------- (g2.) If (e) is greater than (d), then amount of shortfall -------------- (h.) Amounts on deposit at the end of the related Collection Period (e minus g1) $ - -------------- (i.) Is the Required Reserve Amount equal to the balance in the Reserve Account as of the related Collection period? Y or N YES -------------- VI. RESIDUAL ACCOUNT (a.) Amount on deposit at the beginning of the related Collection Period $ - -------------- (b.) Amounts transferred from the Collection Account $ - -------------- (c.) Amounts used to cover shortfalls for the related Collection Period $ - -------------- (d.) Amount on deposit at the end of the related Collection Period $ - -------------- Page 2 of 3 VII. ADVANCE PAYMENTS (a.) Beginning aggregate Advance Payments $ 110,976.91 -------------- (b.) Add: Amount of Advance Payments collected during the related Collection Period $ 87,375.42 -------------- (c.) Add: Investment earnings for the related Collection Period $ - -------------- (d.) Less: Amount of Advance Payments withdrawn for deposit into Facility Account $ 86,521.23 -------------- (e.) Ending aggregate Advance Payments $ 111,831.10 -------------- ADVANTA BUSINESS SERVICES CORP., AS SERVICER BY: /s/ Mark Shapiro TITLE: Asst. Treasurer ----------------- DATE: 08/12/02 ----------------- Page 3 of 3 ASSET-BACKED FINANCING FACILITY ADVANTA BUSINESS SERVICES CORP., AS SERVICER MONTHLY SERVICER CERTIFICATE COLLECTION PERIOD: July 1, 2002 - July 31, 2002 ---------------------------- SETTLEMENT DATE: 15-Aug-02 ---------------------------- A. SERIES INFORMATION ADVANTA LEASING RECEIVABLES CORP. VIII AND ADVANTA LEASING RECEIVABLES CORP. IX EQUIPMENT RECEIVABLES ASSET-BACKED NOTES, SERIES 1999-1 SPECIFIED RESERVE ACCOUNT HELD BY BANKERS TRUST (a.) Amount on deposit at the beginning of the related Collection Period $ 500,000.00 ------------- (b.) Amounts deposited on the applicable Payment Date ------------- (c.) Amount of interest earnings deposited into specified reserve account (before any withdrawals per below) $ 716.75 ------------- (d.) Amounts on deposit at the end of the related Collection Period (before any withdrawals per below) $ 500,716.75 ------------- (d.) Balance remaining to be deposited per the Agreement -- ------------- (e.) Amounts withdrawn by Bank for 'Transition Amount' 0.00 ------------- (f.) Amounts on deposit at the end of the related Collection Period after withdrawal for Transition Amount, if any $ 500,716.75 ------------- (g.) Amounts withdrawn by Bank for 'Increased Servicer Fee' 0.00 ------------- (h.) Amount of excess to be withdrawn to pay the Series Obligor $ 500,716.75 ------------- (I.) Amounts on deposit at the end of the related Collection Period after withdrawal for Increased Servicer Fee, if any 0.00 ------------- ADVANTA BUSINESS SERVICES CORP., AS SERVICER BY: /s/ Mark Shapiro TITLE: Asst. Treasurer ------------------------------ DATE: 08/12/02 ------------------------------