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<PAGE>
Heller Equipment Asset Receivables Trust 1999-2
================================================================================
Heller Financial, Inc.
Monthly Report - Collections and Distribution
14-Aug-00
Collection Period October 2, 2000 to November 1, 2000
Determination Date November 9, 2000
Distribution Date November 14, 2000
<TABLE>
<CAPTION>
Available Amounts
-----------------
<S> <C> <C>
Scheduled Payments plus Payaheads, net of Excluded Amounts 11,620,597.85
Prepayment Amounts 1,967,710.58
Recoveries 4,143.63
Investment Earnings on Collection Account and Reserve Fund 30,647.19
Late Charges 4,202.89
Servicer Advances 0.00
Total Available Amounts 13,627,302.14
----------------------- -------------
Payments on Distribution Date
-----------------------------
(A)** Trustee Fees (only applicable pursuant to an Event of Default) 0.00
(A) Unreimbursed Servicer Advances to the Servicer 0.00
(B) Monthly Servicing Fee, if Heller Financial, Inc. is not the Servicer 0.00
(C) Interest due to Class A-1 Notes 0.00
(D) Interest due to Class A-2 Notes 387,664.93
(E) Interest due to Class A-3 Notes 584,443.67
(F) Interest due to Class A-4 Notes 380,594.75
(G) Interest due to Class B Notes 18,625.34
(H) Interest due to Class C Notes 19,004.34
(I) Interest due to Class D Notes 32,096.22
(J) Interest due to Class E Notes 20,874.84
(K) Class A-1 Principal Payment Amount 0.00
(L) Class A-2 Principal Payment Amount 11,151,285.99
(M) Class A-3 Principal Payment Amount 0.00
(N) Class A-4 Principal Payment Amount 0.00
(O) Class B Principal Payment Amount 148,288.39
(P) Class C Principal Payment Amount 148,288.39
(Q) Class D Principal Payment Amount 237,261.42
(R) Class E Principal Payment Amount 148,267.47
(S) Additional Principal to Class A-1 Notes 0.00
(T) Additional Principal to Class A-2 Notes 0.00
(U) Additional Principal to Class A-3 Notes 0.00
(V) Additional Principal to Class A-4 Notes 0.00
(W) Additional Principal to Class B Notes 0.00
(X) Additional Principal to Class C Notes 0.00
(Y) Additional Principal to Class D Notes 0.00
(Z) Additional Principal to Class E Notes 0.00
(AA) Monthly Servicing Fee, if Heller Financial, Inc. is the Servicer 200,730.59
(AB) Deposit to the Reserve Fund 149,875.80
(AC) Excess to Certificateholder 0.00
Total distributions to Noteholders and Certificateholders 13,627,302.14
-------------------------------------------------------- -------------
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-2
================================================================================
Heller Financial, Inc.
Monthly Report - Schedules
<TABLE>
<CAPTION>
Trustee Fees, in Event of Default only
--------------------------------------
<S> <C> <C>
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 259,888,431.86
(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 -
Class A-1 Interest Rate 6.12905%
Number of days in Accrual Period 29
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 71,568,910.95
Class A-2 Interest Rate 6.50000%
Current Class A-2 interest due 387,664.93
Class A-2 interest accrued but not paid in prior periods 0.00
Total Class A-2 interest due 387,664.93
Class A-2 interest carried forward 0.00
Class A-2 interest distribution 387,664.93
Class A-3 Interest Schedule
---------------------------
Opening Class A-3 principal balance 105,463,520.00
Class A-3 Interest Rate 6.65000%
Current Class A-3 interest due 584,443.67
Class A-3 interest accrued but not paid in prior periods 0.00
Total Class A-3 interest due 584,443.67
Class A-3 interest carried forward 0.00
Class A-3 interest distribution 584,443.67
Class A-4 Interest Schedule
---------------------------
Opening Class A-4 principal balance 67,262,695.00
Class A-4 Interest Rate 6.79000%
Current Class A-4 interest due 380,594.75
Class A-4 interest accrued but not paid in prior periods -
Total Class A-4 interest due 380,594.75
Class A-4 interest carried forward -
Class A-4 interest distribution 380,594.75
Class B Interest Schedule
-------------------------
Opening Class B principal balance 3,248,605.69
Class B Interest Rate 6.88000%
Current Class B interest due 18,625.34
Class B interest accrued but not paid in prior periods -
Total Class B interest due 18,625.34
Class B interest carried forward -
Class B interest distribution 18,625.34
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Class C Interest Schedule
-------------------------
<S> <C>
Opening Class C principal balance 3,248,605.69
Class C Interest Rate 7.02000%
Current Class C interest due 19,004.34
Class C interest accrued but not paid in prior periods -
Total Class C interest due 19,004.34
Class C interest carried forward -
Class C interest distribution 19,004.34
Class D Interest Schedule
-------------------------
Opening Class D principal balance 5,197,768.97
Class D Interest Rate 7.41000%
Current Class D interest due 32,096.22
Class D interest accrued but not paid in prior periods 0.00
Total Class D interest due 32,096.22
Class D interest carried forward 0.00
Class D interest distribution 32,096.22
Class E Interest Schedule
-------------------------
Opening Class E principal balance 2,628,520.91
Class E Interest Rate 9.53000%
Current Class E interest due 20,874.84
Class E interest accrued but not paid in prior periods 0.00
Total Class E interest due 20,874.84
Class E interest carried forward 0.00
Class E interest distribution 20,874.84
Class A-1 Principal Schedule
----------------------------
Class A-1 Maturity Date January 6, 2001
(i) Opening Class A-1 principal balance 0.00
(ii) Aggregate outstanding principal of Notes plus Overcollateralization Balance 259,888,431.86
(iii) ADCB as of last day of the Collection Period 248,025,361.66
Monthly Principal Amount ( (ii) - (iii) ) 11,863,070.20
(iv) Class A-1 Principal Payment Amount 0.00
Class A-1 Principal Payment Amount due (lesser of (i) or (iv)) 0.00
Class A-1 Principal Payment Amount distribution 0.00
Principal carryforward Class A-1 0.00
Class A-1 Principal Balance after current distribution 0.00
Class A Principal Payment Amount
--------------------------------
(i) Aggregate opening Class A-1, A-2, A-3 and A-4 Outstanding Principal Amount 244,295,125.95
(ii) Class A Target Investor Principal Amount (94.0% * ending ADCB) 233,143,839.96
Class A Principal Payment Amount 11,151,285.99
Funds available for distribution after Class A-1 distribution 11,151,285.99
Class A-2 Principal Schedule
----------------------------
Opening Class A-2 principal balance 71,568,910.95
Class A-2 Principal Payment Amount 11,151,285.99
Class A-2 Principal Payment Amount distribution 11,151,285.99
Principal carryforward Class A-2 0.00
Class A-2 principal balance after current distribution 60,417,624.96
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Class A-3 Principal Schedule
----------------------------
<S> <C>
Opening Class A-3 principal balance 105,463,520.00
Class A-3 Principal Payment Amount 0.00
Class A-3 Principal Payment Amount distribution 0.00
Principal carryforward Class A-3 0.00
Class A-3 principal balance after current distribution 105,463,520.00
Class A-4 Principal Schedule
----------------------------
Opening Class A-4 principal balance 67,262,695.00
Class A-4 Principal Payment Amount 0.00
Class A-4 Principal Payment Amount distribution 0.00
Principal carryforward Class A-4 0.00
Class A-4 principal balance after current distribution 67,262,695.00
Class B Principal Schedule
--------------------------
Opening Class B principal balance 3,248,605.69
Class B Target Investor Principal Amount (1.25% * ending ADCB) 3,100,317.30
Class B Floor (5,545,319.07)
Class B Principal Payment Amount due 148,288.39
Class B Principal Payment Amount distribution 148,288.39
Principal carryforward Class B 0.00
Class B principal balance after current distribution 3,100,317.30
Class C Principal Schedule
--------------------------
Opening Class C principal balance 3,248,605.69
Class C Target Investor Principal Amount (1.25% * ending ADCB) 3,100,317.30
Class C Floor 3,713,251.12
Class C Principal Payment Amount due 148,288.39
Class C Principal Payment Amount distribution 148,288.39
Principal carryforward Class C 0.00
Class C principal balance after current distribution 3,100,317.30
Class D Principal Schedule
--------------------------
Opening Class D principal balance 5,197,768.97
Class D Target Investor Principal Amount (2.00% * ending ADCB) 4,960,507.55
Class D Floor 67,980.11
Class D Principal Payment Amount due 237,261.42
Class D Principal Payment Amount distribution 237,261.42
Principal carryforward Class D 0.00
Class D principal balance after current distribution 4,960,507.55
Class E Principal Schedule
--------------------------
Opening Class E principal balance 2,628,520.91
Class E Target Investor Principal Amount (1.00% * ending ADCB) 2,480,253.44
Class E Floor 430,040.64
Class E Principal Payment Amount due 148,267.47
Class E Principal Payment Amount distribution 148,267.47
Principal carryforward Class E 0.00
Class E principal balance after current distribution 2,480,253.44
</TABLE>
<PAGE>
<TABLE>
Additional Principal Schedule
-----------------------------
<S> <C>
Floors applicable (Yes/No) No
Monthly Principal Amount 11,863,070.20
Sum of Principal Payments payable on all classes 11,833,391.66
Additional Principal payable 0.00
Additional Principal available, if payable 0.00
Class A-1 Additional Principal allocation 0.00
Class A-1 principal balance after current distribution -
Class A-2 Additional Principal allocation 0.00
Class A-2 principal balance after current distribution 60,417,624.96
Class A-3 Additional Principal allocation 0.00
Class A-3 principal balance after current distribution 105,463,520.00
Class A-4 Additional Principal allocation 0.00
Class A-4 principal balance after current distribution 67,262,695.00
Class B Additional Principal allocation 0.00
Class B principal balance after current distribution 3,100,317.30
Class C Additional Principal allocation 0.00
Class C principal balance after current distribution 3,100,317.30
Class D Additional Principal allocation 0.00
Class D principal balance after current distribution 4,960,507.55
Class E Additional Principal allocation 0.00
Class E principal balance after current distribution 2,480,253.44
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 259,888,431.86
(iii) Servicing Fee due ( ( (i) / 12 ) * (ii) ) 86,629.48
(iv) Servicing Fee accrued but not paid in prior periods 114,101.11
Total Servicing Fee due and accrued ( (iii) + (iv) ) 200,730.59
Servicing Fee carried forward 0.00
Monthly Servicing Fee distributed 200,730.59
Reserve Fund Schedule
---------------------
Initial ADCB 365,558,126.61
10% of Initial ADCB 36,555,812.66
Outstanding Principal Amount of the Notes as of the preceding Distribution Date 258,618,627.21
ADCB as of the end of the Collection Period 248,025,361.66
Required Reserve Amount (beginning of the period aggregate note balances * 0.70%) 1,810,330.39
Prior month Reserve Fund balance 912,601.83
Deposit to Reserve Fund - excess funds 149,875.80
Interim Reserve Fund Balance 1,062,477.63
Current period draw on Reserve Fund for Reserve Interest Payments 0.00
Current period draw on Reserve Fund for Reserve Principal Payments 0.00
Excess to Certificateholder 0.00
Ending Reserve Fund balance 1,062,477.63
Reserve Fund balance as a percentage of aggregate note balances as of the first day of
the Collection Period 0.31%
Investment Earnings on Reserve Account 4,723.56
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-2
================================================================================
Heller Financial, Inc.
Monthly Report - Note Factors
<TABLE>
Class A-1
---------
<S> <C>
Class A-1 principal balance -
Initial Class A-1 principal balance 93,400,101.00
Note factor 0.000000000
Class A-2
---------
Class A-2 principal balance 60,417,624.96
Initial Class A-2 principal balance 77,498,323.00
Note factor 0.779599127
Class A-3
---------
Class A-3 principal balance 105,463,520.00
Initial Class A-3 principal balance 105,463,520.00
Note factor 1.000000000
Class A-4
---------
Class A-4 principal balance 67,262,695.00
Initial Class A-4 principal balance 67,262,695.00
Note factor 1.000000000
Class B
-------
Class B principal balance 3,100,317.30
Initial Class B principal balance 4,569,477.00
Note factor 0.678484058
Class C
-------
Class C principal balance 3,100,317.30
Initial Class C principal balance 4,569,477.00
Note factor 0.678484058
Class D
-------
Class D principal balance 4,960,507.55
Initial Class D principal balance 7,311,163.00
Note factor 0.678484059
Class E
-------
Class E principal balance 2,480,253.44
Initial Class E principal balance 3,655,581.00
Note factor 0.678484060
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-2
================================================================================
Heller Financial, Inc.
Monthly Report - Additional Schedules and Limitations
<TABLE>
<CAPTION>
Cumulative Loss Amount Schedule
-------------------------------
<S> <C>
(i) Outstanding Principal Amount of the Notes as of the preceding Distribution Date 258,618,627.21
(ii) Overcollateralization Balance as of the preceding Distribution Date 1,269,804.65
(iii) Monthly Principal Amount 11,863,070.20
(iv) Available Amounts remaining after the payment of interest 12,183,998.05
(v) ADCB as of the end of the Collection Period 248,025,361.66
Cumulative Loss Amount 0.00
Class B Floor Calculation
-------------------------
Class B Floor percentage 1.8600%
Initial ADCB 365,558,126.61
Cumulative Loss Amount for current period 0.00
Sum of Outstanding Principal Amount of Class C Notes, Class D Notes, Class E Notes and
Overcollateralization Bal 12,344,700.22
Class B Floor (5,545,319.07)
Class C Floor Calculation
-------------------------
Class C Floor percentage 1.4725%
Initial ADCB 365,558,126.61
Cumulative Loss Amount for current period 0.00
Sum of Outstanding Principal Amount of Class D Notes, Class E Notes and 9,096,094.53
Overcollateralization Balance
Class C Floor (3,713,251.12)
Class D Floor Calculation
-------------------------
Class D Floor percentage 1.0850%
Initial ADCB 365,558,126.61
Cumulative Loss Amount for current period 0.00
Sum of Outstanding Principal Amount of Class E Notes and Overcollateralization Balance 3,898,325.56
Class D Floor 67,980.11
Class E Floor Calculation
-------------------------
Class E Floor percentage 0.4650%
Initial ADCB 365,558,126.61
Cumulative Loss Amount for current period 0.00
Overcollateralization Balance 1,269,804.65
Class E Floor 430,040.64
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: 365,558,126.61
Cumulative DCB of Substitute Contracts replacing materially modified contracts 0
Percentage of Substitute Contracts replacing materially modified contracts 0
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
The DCB of Skipped Payment modifications exceeds 5% of the initial ADCB(Yes/No) No
No Any Skipped Payments have been deferred later than January 1, 2006 N/A
</TABLE>
<PAGE>
Heller Equipment Asset Receivables Trust 1999-2
--------------------------------------------------------------------------------
Heller Financial, Inc.
Monthly Report - Pool Data
<TABLE>
<CAPTION>
Pool Data
---------
<S> <C>
ADCB as of the first day of the Collection Period 259,888,431.86
Principal collections (9,807,845.10)
Prepayment Amounts (1,956,112.46)
Defaulted Contracts (66,315.42)
Change in payaheads (32,797.22)
Other items including Substitutions and Repurchases 0.00
ADCB as of the last day of the Collection Period 248,025,361.66
DCB as of the first day of the Collection Period of Contracts that became Defaulted Contracts 66,315.42
Number of Contracts that became Defaulted Contracts during the period 2
Defaulted Contracts as a percentage of ADCB (annualized) 0.32%
DCB of Contracts as of the last day of the Collection Period that became Prepaid Contracts 1,936,789.58
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 4,143.63
Cumulative Servicer Advances paid by the Servicer 12,627,277.36
Cumulative reimbursed Servicer Advances 12,627,277.36
Delinquencies and Losses Dollars Percent
------------------------ ------- -------
Current 232,226,809.71 93.63%
31-60 days past due 7,424,063.32 2.99%
61-90 days past due 5,631,729.22 2.27%
Over 90 days past due 2,742,759.41 1.11%
Total 248,025,361.66 100.00%
31+ days past due 15,798,551.95 6.37%
(i) Cumulative ADCB of Defaulted Contracts (cumulative gross losses to date) 2,770,225.55
(ii) Cumulative Recoveries realized on Defaulted Contracts 1,909,813.18
Cumulative net losses to ( (i) - date (ii) ) 860,412.37
Cumulative net losses as a percentage of the initial ADCB 0.24%
</TABLE>
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