MONTHLY SERVICER REPORT Page: 1
Issuer: GREATAMERICA LEASE RECEIVABLES TRUST 2000-1
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 7/20/2000 Run Date: Wed Jul 12, 2000
PAYMENT SUMMARY
---------------
<TABLE>
<CAPTION>
Class Beginning Pass Through Interest Principal Total Ending
Name CUSIP Balance Rate Paid Paid Distribution Balance
----- --------- ------------- ------------ ---------- ------------ ------------ -------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 391533AA4 65,816,510.00 6.96088000% 381,784.02 6,896,457.43 7,278,241.45 58,920,052.58
A-2 391533AB2 61,874,575.23 7.36000000% 379,497.39 0.00 379,497.39 61,874,575.23
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 12,843,613.29 7.60000000% 81,342.88 454,529.85 535,872.73 12,389,083.44
C 391533AF3 13,427,413.89 7.75000000% 86,718.71 475,190.30 561,909.01 12,952,223.59
D 391533AG1 6,538,566.76 8.14000000% 44,353.28 231,397.01 275,750.29 6,307,169.75
Totals 227,682,235.52 1,393,368.94 8,057,574.58 9,450,943.53 219,624,660.94
</TABLE>
Target
(defined) Investor
Class Principal
Class Percentage Amount
----- ---------- -------------
AGGSNR 83.4500 187,976,184.16
B 5.5000 12,389,083.44
C 5.7500 12,952,223.59
D 2.8000 6,307,169.75
(Retained) Certificate Balance 5,631,401.56
% of Agg. Collateral Value, beginning 2.4115%
% of Agg. Collateral Value, ending 2.5000%
Monthly Principal Amount 8,264,179.06
Additional Principal 0.00
Overcollateralization Balance, beginning 5,838,006.04
Overcollateralization Balance, ending 5,631,401.56
Cumulative Loss Amount 0.00
<PAGE>
MONTHLY SERVICER REPORT Page: 2
Issuer: GREATAMERICA LEASE RECEIVABLES TRUST 2000-1
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 7/20/2000 Run Date: Wed Jul 12, 2000
OTHER INFORMATION
-----------------
<TABLE>
<CAPTION>
AGGREGATE COLLATERAL VALUE (Discount Rate = 8.207%)
<S> <C>
Initial Aggregate Discounted Contract Balance 241,226,414.17
Aggregate Discounted Contract Balance, beginning 233,520,241.56
Aggregate Discounted Contract Balance, ending 225,256,062.50
RESIDUAL ACCOUNT
Residual Account Balance, beginning 0.00
Residual Account Balance, ending 0.00
SERVICER ADVANCES
Cumulative un-reimbursed Servicer Advances, beginning 562,170.26
Unreimbursed Serviced Advances collected 356,332.28
Servicer Advances for the current Due Period 895,253.44
Cumulative un-reimbursed Servicer Advances, ending 1,101,091.42
PAYAHEAD ACCOUNT
Advance Payment Balance, beginning 5,175,301.89
Pymts rec'd in prior periods attributable to Current Due Period 4,408,490.07
Pymts attributable to Future Due Periods 2,490,895.55
Advance Payment Balance, ending 3,257,707.37
SUBSTITUTIONS
Defaulted Leases and Adj. Contracts Substituted to date, beginning 0.00
Defaulted Leases and Adj. Contracts Substituted this month 265,547.34
Defaulted Leases and Adj. Contracts Substituted to date, ending 265,547.34
% of Agg. Collateral Value at Cut-Off Date (not to exceed 10%) 0.11%
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
</TABLE>
<PAGE>
MONTHLY SERVICER REPORT Page: 3
Issuer: GREATAMERICA LEASE RECEIVABLES TRUST 2000-1
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 7/20/2000 Run Date: Wed Jul 12, 2000
OTHER INFORMATION (continued)
-----------------------------
<TABLE>
<CAPTION>
AVAILABLE FUNDS (COLLECTION ACCOUNT)
<S> <C>
Scheduled Payments Received 6,163,628.19
Reinv. from Collection, Payahead, Residual, and Reserve Account 31,731.61
Past due payments received 356,332.28
Past due payments due on Early Termination (from Seller) 0.00
Proceeds from Prepayments not Replaced 1,003,311.00
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 895,253.44
Casualty and Termination Payments 0.00
Expired Contract Proceeds 3,724.73
Repurchase of Ineligible Contracts 0.00
Defaulted Contract Recoveries 9,897.07
Net decrease in Advance Lease Payments Balance 1,917,594.52
Excess Reserve Funds 0.00
Total Available Funds 10,381,472.84
DISTRIBUTION OF FUNDS
Pursuant to Section 7.05(a) of the Sale and Servicing Agreement
Available Funds 10,381,472.84
Reserve Fund Draw to Increase Available Funds 0.00
(i) To the Servicer, unreimbursed Servicer Advances 356,332.28
(iii) To the Servicer, Servicing Fee (75 bp) 145,950.15
(v) - (viii) Note Interest Paid 1,393,368.94
(ix) - (xvi) Note Principal Paid 8,057,574.58
(xvii) Reserve Fund Deposit 0.00
(xx) Remainder to the Issuer 428,246.88
</TABLE>
DELINQUENCY AND LOSS INFORMATION
Number of Ending Contract
Contracts Balance Remain. Percentage
--------- --------------- ----------
Current 31,281 250,004,493.21 99.40%
31-60 days 169 975,378.04 0.39
61-90 days 64 487,064.11 0.19
91-120 days 14 57,305.14 0.02
Current Current Current Cumulative
Losses Recoveries Net Loss Net Loss Amount
------------ ------------ ------------ ---------------
11,173.53 9,897.07 1,276.46 4,118.47
RESIDUAL EVENT TRIGGERS
<TABLE>
<CAPTION>
Average of Current Prior 2nd Prior
Last 3 Months Due Period Due Period Due Period
------------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Residual Realization Percentage N/A% 127.25% 141.06% N/A%
Delinquency Percentage N/A 0.60 0.39 N/A
Cumulative Net Loss Percentage N/A 0.00 0.00 N/A
Residual Event? No
</TABLE>
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:______________________________________________________
Stan Herkelman
Chief Financial Officer
<PAGE>
MONTHLY SERVICER REPORT Page: 1
Issuer: GREATAMERICA LEASE RECEIVABLES TRUST 2000-1
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 8/21/2000 Run Date: Wed Aug 09, 2000
PAYMENT SUMMARY
---------------
<TABLE>
<CAPTION>
Class Beginning Pass Through Interest Principal Total Ending
Name CUSIP Balance Rate Paid Paid Distribution Balance
----- --------- ------------- ------------ ---------- ------------ ------------ -------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 391533AA4 58,920,052.58 6.96088000% 364,564.81 6,615,097.15 6,979,661.96 52,304,955.43
A-2 391533AB2 61,874,575.23 7.36000000% 379,497.39 0.00 379,497.39 61,874,575.23
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 12,389,083.44 7.60000000% 78,464.20 435,986.03 514,450.23 11,953,097.41
C 391533AF3 12,952,223.59 7.75000000% 83,649.78 455,803.58 539,453.36 12,496,420.02
D 391533AG1 6,307,169.75 8.14000000% 42,783.63 221,956.52 264,740.16 6,085,213.23
Totals 219,624,660.94 1,368,632.46 7,728,843.28 9,097,475.75 211,895,817.66
</TABLE>
Target
(defined) Investor
Class Principal
Class Percentage Amount
----- ---------- -------------
AGGSNR 83.4500 181,361,087.01
B 5.5000 11,953,097.41
C 5.7500 12,496,420.02
D 2.8000 6,085,213.23
(Retained) Certificate Balance 5,433,226.09
% of Agg. Collateral Value, beginning 2.4120%
% of Agg. Collateral Value, ending 2.5000%
Monthly Principal Amount 7,927,018.75
Additional Principal 0.00
Overcollateralization Balance, beginning 5,631,401.56
Overcollateralization Balance, ending 5,433,226.09
Cumulative Loss Amount 0.00
<PAGE>
MONTHLY SERVICER REPORT Page: 2
Issuer: GREATAMERICA LEASE RECEIVABLES TRUST 2000-1
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 8/21/2000 Run Date: Wed Aug 09, 2000
OTHER INFORMATION
-----------------
<TABLE>
<CAPTION>
<S> <C>
AGGREGATE COLLATERAL VALUE (Discount Rate = 8.207%)
Initial Aggregate Discounted Contract Balance 241,226,414.17
Aggregate Discounted Contract Balance, beginning 225,256,062.50
Aggregate Discounted Contract Balance, ending 217,329,043.75
RESIDUAL ACCOUNT
Residual Account Balance, beginning 0.00
Residual Account Balance, ending 0.00
SERVICER ADVANCES
Cumulative un-reimbursed Servicer Advances, beginning 1,101,091.42
Unreimbursed Serviced Advances collected 739,214.66
Servicer Advances for the current Due Period 919,939.57
Cumulative un-reimbursed Servicer Advances, ending 1,281,816.33
PAYAHEAD ACCOUNT
Advance Payment Balance, beginning 3,257,707.37
Pymts rec'd in prior periods attributable to Current Due Period 3,115,617.15
Pymts attributable to Future Due Periods 3,366,984.78
Advance Payment Balance, ending 3,509,075.00
SUBSTITUTIONS
Defaulted Leases and Adj. Contracts Substituted to date, beginning 265,547.34
Defaulted Leases and Adj. Contracts Substituted this month 89,020.98
Defaulted Leases and Adj. Contracts Substituted to date, ending 354,568.32
% of Agg. Collateral Value at Cut-Off Date (not to exceed 10%) 0.15%
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
</TABLE>
<PAGE>
MONTHLY SERVICER REPORT Page: 3
Issuer: GREATAMERICA LEASE RECEIVABLES TRUST 2000-1
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 8/21/2000 Run Date: Wed Aug 09, 2000
OTHER INFORMATION (continued)
-----------------------------
<TABLE>
<CAPTION>
AVAILABLE FUNDS (COLLECTION ACCOUNT)
<S> <C>
Scheduled Payments Received 9,167,186.13
Reinv. from Collection, Payahead, Residual, and Reserve Account 71,674.67
Past due payments received 739,214.66
Past due payments due on Early Termination (from Seller) 0.00
Proceeds from Prepayments not Replaced 582,063.87
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 919,939.57
Casualty and Termination Payments 0.00
Expired Contract Proceeds 34,483.67
Repurchase of Ineligible Contracts 0.00
Defaulted Contract Recoveries 26,835.71
Net decrease in Advance Lease Payments Balance -251,367.63
Excess Reserve Funds 0.00
Total Available Funds 11,290,030.65
DISTRIBUTION OF FUNDS
Pursuant to Section 7.05(a) of the Sale and Servicing Agreement
Available Funds 11,290,030.65
Reserve Fund Draw to Increase Available Funds 0.00
(i) To the Servicer, unreimbursed Servicer Advances 739,214.66
(iii) To the Servicer, Servicing Fee (75 bp) 140,785.04
(v) - (viii) Note Interest Paid 1,368,632.46
(ix) - (xvi) Note Principal Paid 7,728,843.28
(xvii) Reserve Fund Deposit 0.00
(xx) Remainder to the Issuer 1,312,555.20
</TABLE>
DELINQUENCY AND LOSS INFORMATION
Number of Ending Contract
Contracts Balance Remain. Percentage
--------- --------------- ----------
Current 30,626 239,862,322.17 99.09%
31-60 days 232 1,306,202.25 0.54
61-90 days 100 567,770.15 0.23
91-120 days 47 327,504.54 0.14
Current Current Current Cumulative
Losses Recoveries Net Loss Net Loss Amount
------------ ------------ ------------ ---------------
93,206.44 27,292.41 65,914.03 70,032.50
RESIDUAL EVENT TRIGGERS
<TABLE>
<CAPTION>
Average of Current Prior 2nd Prior
Last 3 Months Due Period Due Period Due Period
------------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Residual Realization Percentage 137.55% 144.35% 127.25% 141.06%
Delinquency Percentage 0.63 0.91 0.60 0.39
Cumulative Net Loss Percentage 0.03 0.03 0.00 0.00
</TABLE>
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:__________________________________________
Stan Herkelman
Chief Financial Officer
<PAGE>
MONTHLY SERVICER REPORT Page: 1
Issuer: GREATAMERICA LEASE RECEIVABLES TRUST 2000-1
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 9/20/2000 Run Date: Tue Sep 12, 2000
PAYMENT SUMMARY
---------------
<TABLE>
<CAPTION>
Class Beginning Pass Through Interest Principal Total Ending
Name CUSIP Balance Rate Paid Paid Distribution Balance
----- --------- ------------- ------------ ---------- ------------ ------------ -------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 391533AA4 52,304,955.43 6.96088000% 303,407.10 6,655,916.93 6,959,324.03 45,649,038.50
A-2 391533AB2 61,874,575.23 7.36000000% 379,497.39 0.00 379,497.39 61,874,575.23
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 11,953,097.41 7.60000000% 75,702.95 438,676.37 514,379.32 11,514,421.04
C 391533AF3 12,496,420.02 7.75000000% 80,706.05 458,616.21 539,322.25 12,037,803.81
D 391533AG1 6,085,213.23 8.14000000% 41,278.03 223,326.15 264,604.18 5,861,887.07
Totals 211,895,817.66 1,300,264.17 7,776,535.66 9,076,799.83 204,119,282.00
</TABLE>
Target
(defined) Investor
Class Principal
Class Percentage Amount
----- ---------- -------------
AGGSNR 83.4500 174,705,170.08
B 5.5000 11,514,421.04
C 5.7500 12,037,803.81
D 2.8000 5,861,887.07
(Retained) Certificate Balance 5,233,827.74
% of Agg. Collateral Value, beginning 2.4083%
% of Agg. Collateral Value, ending 2.5000%
Monthly Principal Amount 7,975,934.01
Additional Principal 0.00
Overcollateralization Balance, beginning 5,433,226.09
Overcollateralization Balance, ending 5,233,827.74
Cumulative Loss Amount 0.00
<PAGE>
MONTHLY SERVICER REPORT Page: 2
Issuer: GREATAMERICA LEASE RECEIVABLES TRUST 2000-1
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 9/20/2000 Run Date: Tue Sep 12, 2000
OTHER INFORMATION
-----------------
<TABLE>
<CAPTION>
AGGREGATE COLLATERAL VALUE (Discount Rate = 8.207%)
<S> <C>
Initial Aggregate Discounted Contract Balance 241,226,414.17
Aggregate Discounted Contract Balance, beginning 217,329,043.75
Aggregate Discounted Contract Balance, ending 209,353,109.74
RESIDUAL ACCOUNT
Residual Account Balance, beginning 0.00
Residual Account Balance, ending 0.00
SERVICER ADVANCES
Cumulative un-reimbursed Servicer Advances, beginning 1,281,816.33
Unreimbursed Serviced Advances collected 615,789.73
Servicer Advances for the current Due Period 702,221.19
Cumulative un-reimbursed Servicer Advances, ending 1,368,247.79
PAYAHEAD ACCOUNT
Advance Payment Balance, beginning 3,509,075.00
Pymts rec'd in prior periods attributable to Current Due Period 3,309,394.00
Pymts attributable to Future Due Periods 2,949,332.85
Advance Payment Balance, ending 3,149,013.85
SUBSTITUTIONS
Defaulted Leases and Adj. Contracts Substituted to date, beginning 354,568.32
Defaulted Leases and Adj. Contracts Substituted this month 261,395.99
Defaulted Leases and Adj. Contracts Substituted to date, ending 615,964.31
% of Agg. Collateral Value at Cut-Off Date (not to exceed 10%) 0.26%
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
</TABLE>
<PAGE>
MONTHLY SERVICER REPORT Page: 3
Issuer: GREATAMERICA LEASE RECEIVABLES TRUST 2000-1
Seller and Servicer: GreatAmerica Leasing Corporation
Distribution Date: 9/20/2000 Run Date: Tue Sep 12, 2000
OTHER INFORMATION (continued)
-----------------------------
<TABLE>
<CAPTION>
AVAILABLE FUNDS (COLLECTION ACCOUNT)
<S> <C>
Scheduled Payments Received 7,676,594.31
Reinv. from Collection, Payahead, Residual, and Reserve Account 69,627.54
Past due payments received 615,789.73
Past due payments due on Early Termination (from Seller) 0.00
Proceeds from Prepayments not Replaced 868,719.54
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 702,221.19
Casualty and Termination Payments 0.00
Expired Contract Proceeds 36,444.50
Repurchase of Ineligible Contracts 0.00
Defaulted Contract Recoveries 21,468.31
Net decrease in Advance Lease Payments Balance 360,061.15
Excess Reserve Funds 0.00
Total Available Funds 10,350,926.27
DISTRIBUTION OF FUNDS
Pursuant to Section 7.05(a) of the Sale and Servicing Agreement
Available Funds 10,350,926.27
Reserve Fund Draw to Increase Available Funds 0.00
(i) To the Servicer, unreimbursed Servicer Advances 615,789.73
(iii) To the Servicer, Servicing Fee (75 bp) 135,830.65
(v) - (viii) Note Interest Paid 1,300,264.17
(ix) - (xvi) Note Principal Paid 7,776,535.66
(xvii) Reserve Fund Deposit 0.00
(xx) Remainder to the Issuer 522,506.06
</TABLE>
DELINQUENCY AND LOSS INFORMATION
Number of Ending Contract
Contracts Balance Remain. Percentage
--------- --------------- ----------
Current 29,952 230,198,719.14 99.18%
31-60 days 229 991,877.34 0.43
61-90 days 82 478,518.19 0.21
91-120 days 63 432,089.61 0.19
Current Current Current Cumulative
Losses Recoveries Net Loss Net Loss Amount
------------ ------------ ------------ ---------------
272,451.11 21,468.31 250,982.80 321,015.30
RESIDUAL EVENT TRIGGERS
<TABLE>
<CAPTION>
Average of Current Prior 2nd Prior
Last 3 Months Due Period Due Period Due Period
------------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Residual Realization Percentage 137.73% 141.60% 144.35% 127.25%
Delinquency Percentage 0.78 0.82 0.91 0.60
Cumulative Net Loss Percentage 0.13 0.03 0.00
</TABLE>
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:__________________________________________
Stan Herkelman
Chief Financial Officer
