<PAGE>
Heller Equipment Asset Receivables Trust 1999-1
--------------------------------------------------------------------------------
Heller Financial, Inc.
Monthly Report - Collections and Distribution
Collection Period November 2, 2000 to December 1, 2000
Determination Date December 8, 2000
Distribution Date December 13, 2000
Available Amounts
-----------------
Scheduled Payments plus Payaheads, net of Excluded Amounts 7,046,946.85
Prepayment Amounts 760,955.81
Recoveries 23,232.25
Investment Earnings on Collection Account and Reserve Fund 22,627.91
Late Charges 5,972.29
Servicer Advances 567,034.65
Total Available Amounts 8,426,769.76
------------
Payments on Distribution Date
-----------------------------
Trustee Fees (only applicable pursuant to an Event of Default) 0.00
Unreimbursed Servicer Advances to the Servicer 0.00
Monthly Servicing Fee, if Heller Financial, Inc. is not the Servicer 0.00
Interest due to Class A-1 Notes 0.00
Interest due to Class A-2 Notes 0.00
Interest due to Class A-3 Notes 481,045.14
Interest due to Class A-4 Notes 146,800.09
Interest due to Class B Notes 29,058.35
Interest due to Class C Notes 26,985.46
Interest due to Class D Notes 29,539.11
Class A-1 Principal Payment Amount 0.00
Class A-2 Principal Payment Amount 0.00
Class A-3 Principal Payment Amount 7,347,395.16
Class A-4 Principal Payment Amount 0.00
Class B Principal Payment Amount 419,582.09
Class C Principal Payment Amount 0.00
Class D Principal Payment Amount 0.00
Additional Principal to Class A-2 Notes 0.00
Additional Principal to Class A-3 Notes 0.00
Additional Principal to Class A-4 Notes 0.00
Additional Principal to Class B Notes 0.00
Additional Principal to Class C Notes 0.00
Additional Principal to Class D Notes 0.00
Monthly Servicing Fee, if Heller Financial, Inc. is the Servicer 0.00
Deposit to the Reserve Fund (53,635.65)
Excess to Certificateholder 0.00
Total distributions to Noteholders and Certificateholders 8,426,769.76
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<PAGE>
Heller Equipment Asset Receivables Trust 1999-1
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Heller Financial, Inc.
Monthly Report - Schedules
<TABLE>
<S> <C>
Trustee Fees, in Event of Default only
--------------------------------------
Trustee fees due on Distribution Date 0.00
Unreimbursed Servicer Advances
------------------------------
Unreimbursed Servicer Advances 0.00
Monthly Servicing Fee Schedule, if Servicing has been transferred
-----------------------------------------------------------------
(i) Servicing Fee Percentage 0.40%
(ii) ADCB of Contract Pool as of the 1st day of the Collection Period 149,433,931.64
(iii) Servicing Fee ( ( (i) / 12 ) x (ii) ) 0.00
(iv) Servicing Fee accrued but not paid in prior periods 0.00
Total Servicing Fee due and accrued ( (iii) + (iv) ) 0.00
Servicing Fee carried forward 0.00
Monthly Servicing Fee distributed 0.00
Class A-1 Interest Schedule
---------------------------
Opening Class A-1 principal balance 0.00
Class A-1 Interest Rate 4.94795%
Number of days in Accrual Period 30
Current Class A-1 interest due 0.00
Class A-1 interest accrued but not paid in prior periods 0.00
Total Class A-1 interest due 0.00
Class A-1 interest carried forward 0.00
Class A-1 interest distribution 0.00
Class A-2 Interest Schedule
---------------------------
Opening Class A-2 principal balance -
Class A-2 Interest Rate 5.26%
Current Class A-2 interest due -
Class A-2 interest accrued but not paid in prior periods 0.00
Total Class A-2 interest due -
Class A-2 interest carried forward 0.00
Class A-2 interest distribution -
Class A-3 Interest Schedule
---------------------------
Opening Class A-3 principal balance 104,955,303.92
Class A-3 Interest Rate 5.50%
Current Class A-3 interest due 481,045.14
Class A-3 interest accrued but not paid in prior periods 0.00
Total Class A-3 interest due 481,045.14
Class A-3 interest carried forward 0.00
Class A-3 interest distribution 481,045.14
Class A-4 Interest Schedule
---------------------------
Opening Class A-4 principal balance 31,345,216.00
Class A-4 Interest Rate 5.62%
Current Class A-4 interest due 146,800.09
Class A-4 interest accrued but not paid in prior periods 0.00
Total Class A-4 interest due 146,800.09
Class A-4 interest carried forward 0.00
Class A-4 interest distribution 146,800.09
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Class B Interest Schedule
-------------------------
Opening Class B principal balance 5,991,412.40
Class B Interest Rate 5.82%
Current Class B interest due 29,058.35
Class B interest accrued but not paid in prior periods 0.00
Total Class B interest due 29,058.35
Class B interest carried forward 0.00
Class B interest distribution 29,058.35
Class C Interest Schedule
-------------------------
Opening Class C principal balance 5,012,779.83
Class C Interest Rate 6.46%
Current Class C interest due 26,985.46
Class C interest accrued but not paid in prior periods 0.00
Total Class C interest due 26,985.46
Class C interest carried forward 0.00
Class C interest distribution 26,985.46
Class D Interest Schedule
-------------------------
Opening Class D principal balance 3,865,532.00
Class D Interest Rate 9.17%
Current Class D interest due 29,539.11
Class D interest accrued but not paid in prior periods 0.00
Total Class D interest due 29,539.11
Class D interest carried forward 0.00
Class D interest distribution 29,539.11
Class A-1 Principal Schedule
----------------------------
Class A-1 Maturity Date May 15, 2000
(i) Opening Class A-1 principal balance 0.00
(ii) Aggregate outstanding principal of Notes plus Overcollateralization Balance 151,170,244.15
(iii) ADCB as of last day of the Collection Period 141,771,696.22
(iv) Monthly Principal Amount ( (ii) - (iii) ) 9,398,547.93
Class A-1 Principal Payment Amount due (lesser of (i) or (iv)) 0.00
Class A-1 Principal Payment Amount distribution 0.00
Class A-1 Principal Balance after current distribution 0.00
Class A Principal Payment Amount
--------------------------------
(i) Aggregate opening Class A-2, A-3 and A-4 Outstanding Principal Amount 136,300,519.92
(ii) Class A Target Investor Principal Amount (90.9583% * ending ADCB) 128,953,124.76
Class A Principal Payment Amount 7,347,395.16
Funds available for distribution 7,347,395.16
Class A-2 Principal Schedule
----------------------------
Opening Class A-2 principal balance -
Class A-2 Principal Payment Amount distribution 0.00
Class A-2 principal balance after current distribution -
Class A-3 Principal Schedule
----------------------------
Opening Class A-3 principal balance 104,955,303.92
Class A-3 Principal Payment Amount distribution 7,347,395.16
Class A-3 principal balance after current distribution 97,607,908.76
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Class A-4 Principal Schedule
----------------------------
Opening Class A-4 principal balance 31,345,216.00
Class A-4 Principal Payment Amount distribution 0.00
Class A-4 principal balance after current distribution 31,345,216.00
Class B Principal Schedule
--------------------------
Opening Class B principal balance 5,991,412.40
Class B Target Investor Principal Amount (3.7674% * ending ADCB) 5,341,106.88
Class B Floor 47,890.91
Class B Principal Payment Amount due 650,305.52
Class B Principal Payment Amount distribution 419,582.09
Class B principal balance after current distribution 5,571,830.31
Class C Principal Schedule
--------------------------
Opening Class C principal balance 5,012,779.83
Class C Target Investor Principal Amount (3.0139% * ending ADCB) 4,272,857.15
Class C Floor 2,084,210.80
Class C Principal Payment Amount due 739,992.68
Class C Principal Payment Amount distribution 0.00
Class C principal balance after current distribution 5,012,779.83
Class D Principal Schedule
--------------------------
Opening Class D principal balance 3,865,532.00
Class D Target Investor Principal Amount (1.5070% * ending ADCB) 2,136,499.46
Class D Floor 3,553,112.73
Class D Principal Payment Amount due 312,419.27
Class D Principal Payment Amount distribution 0.00
Class D principal balance after current distribution 3,865,532.00
Additional Principal Schedule
-----------------------------
Floors applicable (Yes/No) Yes
Monthly Principal Amount 9,398,547.93
Sum of Principal Payments payable on all classes 9,050,042.62
Additional Principal payable 348,505.31
Additional Principal available, if payable 0.00
Class A-2 Additional Principal allocation 0.00
Class A-2 principal balance after current distribution -
Class A-3 Additional Principal allocation 0.00
Class A-3 principal balance after current distribution 97,607,908.76
Class A-4 Additional Principal allocation 0.00
Class A-4 principal balance after current distribution 31,345,216.00
Class B Additional Principal allocation 0.00
Class B principal balance after current distribution 5,571,830.31
Class C Additional Principal allocation 0.00
Class C principal balance after current distribution 5,012,779.83
Class D Additional Principal allocation 0.00
Class D principal balance after current distribution 3,865,532.00
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Monthly Servicing Fee Schedule, if Heller Financial, Inc. is the Servicer
-------------------------------------------------------------------------
(i) Servicing Fee Percentage 0.40%
(ii) ADCB of Contract Pool as of the 1st day of the Collection Period 149,433,931.64
(iii) Servicing Fee due ( ( (i) / 12 ) * (ii) ) 49,811.31
(iv) Servicing Fee accrued but not paid in prior periods 1,194,655.90
Total Servicing Fee due and accrued ( (iii) + (iv) ) 1,244,467.21
Servicing Fee carried forward 1,244,467.21
Monthly Servicing Fee distributed 0.00
Reserve Fund Schedule
---------------------
ADCB as of the end of the Collection Period 141,771,696.22
Required Reserve Amount (ending ADCB * 0.70%) 992,401.87
Prior month Reserve Fund balance 1,046,037.52
Deposit to Reserve Fund - excess funds 0.00
Interim Reserve Fund Balance 1,046,037.52
Current period draw on Reserve Fund for Reserve Interest Payments 0.00
Current period draw on Reserve Fund for Reserve Principal Payments 53,635.65
Excess to Certificateholder 0.00
Ending Reserve Fund balance 992,401.87
Reserve Fund balance as a percentage of ADCB as of the end of the Collection Period 0.70%
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-1
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Heller Financial, Inc.
Monthly Report - Note Factors
Class A-1
---------
Class A-1 principal balance 0.00
Initial Class A-1 principal balance 130,040,761.00
Note factor 0.000000000
Class A-2
---------
Class A-2 principal balance 0.00
Initial Class A-2 principal balance 66,680,434.00
Note factor 0.000000000
Class A-3
---------
Class A-3 principal balance 97,607,908.76
Initial Class A-3 principal balance 135,293,633.00
Note factor 0.721452345
Class A-4
---------
Class A-4 principal balance 31,345,216.00
Initial Class A-4 principal balance 31,345,216.00
Note factor 1.000000000
Class B
-------
Class B principal balance 5,571,830.31
initial Class B principal balance 9,663,831.00
Note factor 0.576565371
Class C
-------
Class C principal balance 5,012,779.83
Initial Class C principal balance 7,731,065.00
Note factor 0.648394475
Class D
-------
Class D principal balance 3,865,532.00
Initial Class D principal balance 3,865,532.00
Note factor 1.000000000
<PAGE>
Heller Equipment Asset Receivables Trust 1999-1
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Heller Financial, Inc.
Monthly Report - Additional Schedules and Limitations
<TABLE>
<S> <C>
Cumulative Loss Amount Schedule
-------------------------------
(i) Outstanding Principal Amount of the Notes as of the preceding Distribution Date 151,170,244.15
(ii) Overcollateralization Balance as of the preceding Distribution Date (1,736,312.51)
(iii) Monthly Principal Amount 9,398,547.93
(iv) Available Amounts remaining after the payment of interest 7,713,341.60
(v) ADCB as of the end of the Collection Period 141,771,696.22
Cumulative Loss Amount 0.00
Class B Floor Calculation
-------------------------
Class B Floor percentage 1.86%
Initial ADCB 386,553,237.98
Cumulative Loss Amount for current period 0.00
Sum of Outstanding Principal Amount of Class C Notes, Class D Notes and Overcollateralization
Balance 7,141,999.32
Class B Floor 47,890.91
Class C Floor Calculation
-------------------------
Class C Floor percentage 1.09%
Initial ADCB 386,553,237.98
Cumulative Loss Amount for current period 0.00
Sum of Outstanding Principal Amount of Class D Notes and Overcollateralization Balance 2,129,219.49
Class C Floor 2,084,210.80
Class D Floor Calculation
-------------------------
Class D Floor percentage 0.47%
Initial ADCB 386,553,237.98
Cumulative Loss Amount for current period 0.00
Overcollateralization Balance (1,736,312.51)
Class D Floor 3,553,112.73
Heller Financial, Inc. is the Servicer (Yes/No) Yes
An Event of Default has occurred (Yes/No) No
10% Substitution Limit Calculation
----------------------------------
ADCB as of the Cut-off Date: 386,553,237.98
Cumulative DCB of Substitute Contracts replacing materially modified contracts 5,404,027.98
Percentage of Substitute Contracts replacing materially modified contracts 1.40%
Percentage of Substitute Contracts replacing modified contracts exceeds 10% (Yes/No) No
5% Skipped Payment Limit Calculation
------------------------------------
The percent of contracts with Skipped Payment modifications 0.08%
The DCB of Skipped Payment modifications exceeds 5% of the initial ADCB (Yes/No) No
Any Skipped Payments have been deferred later than January 1, 2006 No
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-1
--------------------------------------------------------------------------------
Heller Financial, Inc.
Monthly Report - Pool Data
<TABLE>
<CAPTION>
Pool Data
---------
<S> <C>
ADCB as of the first day of the Collection Period 149,433,931.64
ADCB as of the last day of the Collection Period 141,771,696.22
DCB as of the first day of the Collection Period of Contracts that became Defaulted Contracts 27,767.86
Number of Contracts that became Defaulted Contracts during the period 4
Defaulted Contracts as a percentage of ADCB (annualized) 0.24%
DCB of Contracts as of the last day of the Collection Period that became Prepaid Contracts 736,252.71
Number of Prepaid Contracts as of the last day of the Collection Period 4
DCB of Contracts as of the last day of the Collection Period that were added as Substitute Contracts 0.00
Number of Substitute Contracts as of the last day of the Collection Period 0
DCB of Contracts as of the last day of the Collection Period that became Warranty Contracts 0.00
Number of Warranty Contracts as of the last day of the Collection Period 0
Recoveries collected relating to Defaulted Contracts as of the last day of the Collection Period 23,232.25
Cumulative Servicer Advances paid by the Servicer 16,303,330.23
Cumulative reimbursed Servicer Advances 15,736,295.58
Delinquencies and Losses Dollars Percent
------------------------ ------- -------
Current 136,143,767.44 96.03%
31-60 days past due 3,350,661.07 2.36%
61-90 days past due 1,091,885.62 0.77%
Over 90 days past due 1,185,382.09 0.84%
--------------- --------
Total 141,771,696.22 100.00%
31+ days past due 5,627,928.78 3.97%
(i) Cumulative ADCB of Defaulted Contracts (cumulative gross losses to date) 7,173,079.10
(ii) Cumulative Recoveries realized on Defaulted Contracts 1,776,416.56
Cumulative net losses to date ( (i) - (ii) ) 5,396,662.54
Cumulative net losses as a percentage of the initial ADCB 1.40%
</TABLE>
