<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
----------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) March 26, 1999
The Money Store Investment Corporation and
The Money Store of New York, Inc., as
Originators under a Pooling and Servicing
Agreement dated as of February 28, 1999
providing for the issuance of The Money Store
SBA Loan-Stacked Adjustable Rate Certificates,
Series 1999-1, Class A, Class M and Class B.
The Money Store Investment Corporation
and The Money Store of New York, Inc.
- --------------------------------------------------------------------------------
Exact name of registrant as specified in its charter
New Jersey 22-2293019
New York 333-60771 22-3143559
- -------------------- ------------------- -------------------
(State or other (Commission File (IRS Employer ID
jurisdiction of Number) Number)
incorporation)
707 3rd Street, West Sacramento, CA 95606
- --------------------------------------------------------------------------------
(Address of principle executive officers) (Zip code)
Registrant's Telephone Number,
including area code: (916) 555-1212
N/A
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. OTHER EVENTS
FILING OF COMPUTATIONAL MATERIALS
This Current Report on Form 8-K is being filed to file a copy of the
Computational Materials and ABS Term Sheets (as defined below) of First Union
Capital markets Corp. and Prudential Securities Incorporated (the
"Underwriters") in connection with the issuance of $96,900,000 principal
amount of The Money Store SBA Loan-Backed Adjustable Rate Certificates,
Series 1999-1. The Terms "Computational Materials" and "ABS Terms Sheets"
shall have the meanings given in the No-Action Letter of May 20, 1994 issued
by the Securities and Exchange Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated and Kidder Structured Asset
Corporation, as supplemented in the No-Action Letters of May 27, 1994 and
February 17, 1995 issued by the SEC to the Public Securities Association. The
Computational Materials are attached hereto as Exhibit 99.1. The legend,
which Prudential Securities Incorporated placed on the Computational
Materials is attached hereto as Exhibit 99.2.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS
EXHIBIT NO.
99.1 Computational Materials and ABS Term Sheets of
the Underwriters.
99.2 Legend of Prudential Securities Incorporated for
the Computational Materials.
2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
THE MONEY STORE INVESTMENT CORPORATION
THE MONEY STORE OF NEW YORK INC.
By: /s/ Arthur Lyon
-----------------------------------
Name: Arthur Lyon
Title: Senior Vice President
Dated: March 30, 1999
3
<PAGE>
EXHIBIT INDEX
Exhibit Page
- ------- ----
99.1 Computational Materials and ABS Term Sheets
of the Underwriters
99.2 Legend of Prudential Securities Incorporated for
the Computational Materials
4
<PAGE>
EXHIBIT 99.1
THE MONEY STORE
FIRST UNION
CAPITAL MARKETS CORP.
- --------------------------------------------------------------------------------
TMS NEW ISSUE TERM SHEET
THE MONEY STORE AS DEPOSITOR/COMPANY
THE MONEY STORE SBA LOAN - BACKED CERTIFICATES
SERIES 1991-1
CLASS A
$ 94,012,000 (APPROXIMATELY)
CLASS M
$ 2,888,000 (APPROXIMATELY)
MARCH 31, 1999
- --------------------------------------------------------------------------------
First Union Capital Markets
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. Offers to sell and solicitations of offers to buy are made only by, and
this document must be read in conjunction with, the final offering circular
supplement. Information contained herein does not purport to be complete and is
subject to the same qualifications and assumptions and should be considered by
investors only in light of the same warnings, lack of assurances and
representations and other precautionary matters, as disclosed in the offering
circular supplement. The descriptions of the securities have been prepared on
the basis of certain assumptions regarding payments, interest rates and other
factors described herein and in the offering circular supplement. This material
may be filed with the Securities and Exchange Commission (the "SEC") and
incorporated by reference into an effective registration statement previously
filed with the SEC under Rule 415 of the Securities Act of 1933, including all
cases where the material does not pertain to securities that are ultimately
offered for sale pursuant to such registration statement. Information contained
in this material is current as of the date appearing on this material only.
Information in this material regarding any assets backing any securities
discussed herein supersedes all prior information regarding such assets. Any
information in the material, whether regarding the assets backing any securities
discussed herein or otherwise, will be superseded by the information contained
in any final prospectus for any securities actually sold to you. This material
is furnished solely by the Underwriter and not by the issuer of the securities.
1
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN - BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
OFFERED CERTIFICATES
<TABLE>
<CAPTION>
To Call
- -----------------------------------------------------------------------------------------------------------------------------------
STATED
CLASS RATINGS APPROXIMATE ASSUMED AVERAGE MODIFIED PRINCIPAL LEGAL
CLASS DESCRIPTION DUFF & SIZE COUPON LIFE DURATION WINDOW MATURITY
PHELPS/MOODY'S
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A FLT AAA/Aaa 94,012,000 Prime - [ ] 5.32 4.18 4/99 - 1/12 7/15/2025
- -----------------------------------------------------------------------------------------------------------------------------------
M FLT A/A2 2,888,000 Prime - [ ] 5.32 4.09 4/99 - 1/12 7/15/2025
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
To Maturity
- -----------------------------------------------------------------------------------------------------------------------------------
RATINGS STATED
CLASS DUFF & APPROXIMATE ASSUMED AVERAGE MODIFIED PRINCIPAL LEGAL
CLASS DESCRIPTION PHELPS/MOODY'S SIZE COUPON LIFE DURATION WINDOW MATURITY
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A FLT AAA/Aaa 94,012,000 Prime - [ ] 5.67 4.32 4/99 - 9/22 7/15/2025
- -----------------------------------------------------------------------------------------------------------------------------------
M FLT A/A2 2,888,000 Prime - [ ] 5.67 4.22 4/99 - 9/22 7/15/2025
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
First Union Capital Markets
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), is for your private information and First Union
Capital Markets Corp (the "Underwriter") is not soliciting any action based upon
it. Offers to sell and solicitations of offers to buy are made only by, and this
document must be read in conjunction with, the final offering circular
supplement. Information contained herein does not purport to be complete and is
subject to the same qualifications and assumptions and should be considered by
investors only in light of the same warnings, lack of assurances and
representations and other precautionary matters, as disclosed in the offering
circular supplement. The descriptions of the securities have been prepared on
the basis of certain assumptions regarding payments, interest rates and other
factors described herein and in the offering circular supplement. This material
may be filed with the Securities and Exchange Commission (the "SEC") and
incorporated by reference into an effective registration statement previously
filed with the SEC under Rule 415 of the Securities Act of 1933, including all
cases where the material does not pertain to securities that are ultimately
offered for sale pursuant to such registration statement. Information contained
in this material is current as of the date appearing on this material only.
Information in this material regarding any assets backing any securities
discussed herein supersedes all prior information regarding such assets. Any
information in the material, whether regarding the assets backing any securities
discussed herein or otherwise, will be superseded by the information contained
in any final prospectus for any securities actually sold to you. This material
is furnished solely by the Underwriter and not by the issuer of the securities.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
OVERVIEW
The Certificates will be structured in three classes: Class A, Class M, and
Class B. Only the Class A and Class M are offered. The Class A Certificates
will be rated "Aaa/AAA" and the Class M Certificates will be rated "A/A2"
by Duff & Phelps and Moody's, respectively. These ratings reflect the
quality of the assets and the level of credit enhancement in the
transaction. The Money Store SBA 1999-1 loans generally are originated as
simple interest, variable rate, Prime based loans. The weighted average
rate on the assumed loans is [1.97%] over the Prime rate (currently 7.75%).
Thus, excess spread is available from the sold, guaranteed portions to
credit enhance the securitized, unguaranteed portions (approximately
[1.05]%, expressed as a percentage of the principal balance of the
securitized, unguaranteed portions). In addition, excess spread of [3.63]%
is estimated to be available from the unguaranteed portion. The total
excess spread that is estimated to be available is thus approximately
[4.68]%. The transaction also features credit enhancement in the form of
[4.14]% subordination of the Class B Certificates, Letter of Credit and a
spread account with an initial balance of [0.00], growing to a balance of
[2.00]% of the original pool principal balance of the pool plus the balance
of all loans with delinquencies of greater than 180 days, subject to a
floor of [2.00]% of the original pool principal balance. The subordination
enhances the Class A and Class M Certificates. The net excess spread,
Spread Account and Letter of Credit protect the Class A, Class M and Class
B Certificates.
The certificates will be adjustable rate securities based on the Prime
Rate. The certificates will pay monthly and adjust monthly. Funds are
passed through to the Certificateholders subject to available funds on the
underlying collateral. All of the loans are self-amortizing, so there is no
balloon risk. The certificates receive principal on a pro rata basis. The
Class B Certificates will bear all losses (if other forms of enhancement
are exhausted) until reduced to zero.
For additional information concerning pricing and relative value, please
call Bill Ingram or Russ Andrews.
[GRAPHIC]
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
DESCRIPTION OF TRANSACTION
SBA 7(a) loans pay a floating-rate, prime-based coupon that adjusts quarterly on
the first business day of such calendar quarter. Interest on the loans accrues
from the 1st to the 30th of each month and is due, along with the scheduled
principal payment, on the first day of the following month. The certificates pay
a floating-rate, prime-based coupon that is adjusted on the first business day
of each January, April, July, and October, beginning [July 1999]. Interest on
the certificates is paid on the 15th day of each month and is accrued from the
15th day of the previous month to the 14th day of the current month. For
instance, the January 2nd prime rate will be used for the certificate interest
accrual periods commencing January 15th, February 15th, and March 15th. Interest
collected on the SBA loans in one month will pay interest due on the
certificates in the following month (See Illustration Below).
Illustration of Note Accrual Period versus Certificate Accrual Period
January February March April May
1---------15------1---------15------1--------15-------1---------15---------1
(a)
Interest Accrual Interest Collection
Period Period
SBA Note: (-----------------) (----------------------)
Corresponding Interest
Accrual
Period
Certificates: (----------------------)(b)
(a) The interest rate adjusts every January 1st, April 1st, July 1st, and
October 1st.
(b) Certificates payment date.
It should be noted that a mismatch in the prime rate used to accrue interest on
the collateral and the prime rate used to accrue interest on the certificates
may occur in February, May, August and November. If the prime rate used to
accrue interest on the loans is higher than the prime rate used to accrue
interest on the certificates, the excess interest will be collected and will be
passed through on a pro-rata basis to the Certificateholders (and vice versa
with lower interest should the accrual rate on the loans be lower than the
accrual rate on the certificates).
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
SUMMARY OF TERMS
<TABLE>
<S> <C>
TITLE OF CERTIFICATES: The Money Store SBA Loan-Backed Adjustable Rate Certificates, Series 1999-1
CERTIFICATES OFFERED: Class A: Approximately [$94,012,000] initial certificate principal amount
Class M: Approximately [$ 2,888,000] initial certificate principal amount
SELLERS: Subsidiaries of The Money Store Inc. ("TMS"), a wholly-owned subsidiary of First
Union National Bank ("FTU").
DEPOSITOR/
COMPANY: Subsidiaries of TMS, a wholly-owned subsidiary of First Union National Bank.
TRUST ASSETS: The trust assets will consist of the unguaranteed portions of loans originated by
the Sellers in connection with the Section 7(a) guaranteed loan program of the U.S.
Small Business Administration ("SBA"). Excess servicing will also be available as
credit enhancement to the Certificateholders.
SERVICERS: TMS Investment Corporation and TMS of New York, Inc.
BACKUP SERVICER: Trustee
TRUSTEE: HSBC Bank USA (f/k/a Marine Midland Bank), a New York State banking corporation and
trust company.
CUSTODIAN: Colson Services Corp.
OFFERING: Public: approximately $96,900,000 subject to a variance of plus or minus 5.0%. A
prospectus supplement will be distributed subsequent to the pricing date but prior
to the expected settlement date.
MANAGERS: First Union Capital Markets (Lead & Books)
CUT-OFF DATE: February 28, 1999 (or date of origination if originated subsequent to February 28,
1999).
EXPECTED
SETTLEMENT: March 31, 1999
RECORD DATE: The last day of the month preceding any distribution date.
PREFUNDING ACCOUNT: Approximately [17%] of the Trust Assets will be pre-funded.
REGISTRATION: Book-entry form through DTC, Euroclear or CEDEL.
DISTRIBUTION
DATE: The 15th of each month (or next succeeding business day), beginning April 15, 1999.
PREPAYMENT
ASSUMPTION: 12% CPR.
SERVICING FEE: 40 basis points per annum.
MONTHLY ADVANCES: The Servicer will advance to pay Certificate interest, to the extent not covered by
the excess spread.
SERVICER ADVANCES: The Servicer will make servicing advances to the extent it deems such advances
recoverable.
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
<TABLE>
<S> <C>
PREPAYMENT
INTEREST SHORTFALL: The Servicer will pay compensating interest at the weighted-average Certificate
rate for any prepayment interest shortfalls, up to the amount of its servicing
compensation for that month.
INTEREST
ACCRUAL PERIOD: Classes are payable monthly starting April 15, 1999. Classes accrue interest
monthly on a 30/360 basis. The initial interest accrual period will be from March
15th to April 14th. For the first remittance, Prime will be the lowest rate on
February 26, 1999, as published March 1, 1999 in the Money Rates section of THE
WALL STREET JOURNAL. Prime will be adjusted on a quarterly basis for the
Certificates thereafter.
INTEREST RATE: Class A Certificates: Prime Rate minus [ %].
Class M Certificates: Prime Rate minus [ %].
SUBORDINATION: Distributions of interest with respect to the Class M Certificates will be
subordinate to distributions of interest with respect to the Class A
Certificates. Similarly, distributions of principal with respect to the
Class M Certificates will be subordinate to distributions of principal with
respect to the Class A Certificates.
SPREAD ACCOUNT: A special-purpose affiliate of TMS will be required to establish a reserve account
(the "Spread Account") with the Trustee. The Spread Account will not be a part of
the Trust Fund, but will be pledged to the Trustee for the benefit of the
Certificateholders. Excess spread will be deposited until the Spread Account
balance is 2.00% of the original pool principal balance. In addition to the above
requirement, additional excess spread will be deposited up to the amount of the
aggregate balances of all loans 180 or more days delinquent.
LETTER OF CREDIT: Additional Credit Enhancement will be available though a Variable Balance
Letter of Credit provided by First Union National Bank. In the event the
guarantee provider's long term Moody's Senior Debt Rating falls below "A2"
the Sellers will substitute a cash collateral account in place of the
Letter of Credit.
CALCULATION FOR BALANCE OF THE LETTER OF CREDIT OR
CASH COLLATERAL ACCOUNT IS AS FOLLOWS:
Beginning at the end of month 1 through month 12, 1.50% of the current
outstanding certificate balance increasing 1.50% per month to a maximum of
18% of the then current outstanding certificate balance minus the then
current spread account balance and minus the summation of any previously
made guarantee payments.
OPTIONAL CALL: 10% optional clean-up call at the option of the Servicer.
DENOMINATIONS: $1,000 minimum and integral multiples of $1,000 in excess thereof.
TAX STATUS: Certificates will be treated as debt obligations for tax purposes.
ERISA: The Class A Certificates will not be ERISA eligible.
The Class M Certificates will not be ERISA eligible.
SMMEA: The Class A Certificates WILL NOT constitute "mortgage related securities" for
purposes of SMMEA.
The Class M Certificates WILL NOT constitute "mortgage related securities" for
purposes of SMMEA.
RATINGS: Class A: "Aaa/AAA", Class M: "A2/A" by Moody's Investors Service, Inc., and Duff &
Phelps Credit Rating Co., respectively.
CASH FLOW PRIORITIES: 1) Servicing Fee
2) Class A Interest
3) Class M Interest
4) Class B Interest
5) Class A Principal
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
<TABLE>
<S> <C>
6) Class A Carry Forward (any previous principal shortfall)
7) Class M Principal
8) Class M Carry Forward (any previous principal shortfall)
9) Class B Principal
10) Class B Carry Forward (any previous principal shortfall)
11) Trustee Fee
12) After the initial Spread Account target has been reached, to pay
unreimbursed Servicing Advances
13) Build and Replenish Reserves
14) Prior to the Spread Account target being reached, to pay
unreimbursed Servicing Advances
15) Released to FTU or an affiliate thereof
CONTACT: First Union Capital Markets Corp.
Syndicate Desk
Billy Ingram
(704) 383-7727
(704) 383-9165 (fax)
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
SBA CERTIFICATES STRUCTURAL DIAGRAM
Excess Spread from Guaranteed
Portion [(1.05%)]
-------------------------------
Servicing Fee
Excess Spread Available (0.40%)
For Unguaranteed -------------------------------
Trustee Fee
(0.06%)
----------------------------- -------------------------------
Guaranteed Bond coupon Excess Spread
- SBA Fees From Unguaranteed Portion
- Colson Fees
- Retained Portion (1.0%) [(3.63%)]
(includes 40 bps servicing) -------------------------------
Bond
[(5.63%)]
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
DESCRIPTION OF CURRENT UNGUARANTEED COLLATERAL
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
NUMBER CURRENT UNGUARANTEED % OF CUT-OFF CURRENT % OF LOAN
STATE OF LOANS PRINCIPAL BALANCE UNGUARANTEED BALANCE COUNT
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
AK 1 946,178.78 1.12 % 0.18 %
AL 9 731,354.96 0.87 % 1.61 %
AR 2 400,623.92 0.48 % 0.36 %
AZ 42 6,228,417.21 7.40 % 7.53 %
CA 107 17,531,537.95 20.84 % 19.18 %
CO 27 4,258,936.95 5.06 % 4.84 %
CT 9 579,393.30 0.69 % 1.61 %
DC 1 36,740.53 0.04 % 0.18 %
DE 1 132,428.99 0.16 % 0.18 %
FL 43 7,601,294.28 9.03 % 7.71 %
GA 9 1,455,585.23 1.73 % 1.61 %
IA 1 37,185.94 0.04 % 0.18 %
ID 6 596,304.56 0.71 % 1.08 %
IL 14 1,188,424.54 1.41 % 2.51 %
IN 9 1,548,552.83 1.84 % 1.61 %
KS 3 166,838.79 0.20 % 0.54 %
KY 13 2,558,874.49 3.04 % 2.33 %
LA 2 429,842.94 0.51 % 0.36 %
MA 17 1,288,141.13 1.53 % 3.05 %
MD 12 2,313,583.29 2.75 % 2.15 %
MI 14 1,690,435.91 2.01 % 2.51 %
MN 2 96,326.61 0.11 % 0.36 %
MO 6 882,436.16 1.05 % 1.08 %
MS 1 562,065.80 0.67 % 0.18 %
MT 3 280,652.44 0.33 % 0.54 %
NC 21 4,017,865.56 4.78 % 3.76 %
NE 2 133,973.95 0.16 % 0.36 %
NH 1 144,753.91 0.17 % 0.18 %
NJ 19 1,604,540.53 1.91 % 3.41 %
NM 8 954,247.80 1.13 % 1.43 %
NV 1 145,351.37 0.17 % 0.18 %
NY 10 475,824.90 0.57 % 1.79 %
OH 16 4,037,997.41 4.80 % 2.87 %
OK 9 814,444.80 0.97 % 1.61 %
OR 7 2,097,955.63 2.49 % 1.25 %
PA 22 3,562,237.38 4.23 % 3.94 %
RI 3 199,587.25 0.24 % 0.54 %
SC 9 1,425,534.60 1.69 % 1.61 %
TN 3 1,290,862.77 1.53 % 0.54 %
TX 36 4,565,644.78 5.43 % 6.45 %
UT 1 78,750.00 0.09 % 0.18 %
VA 18 2,825,984.07 3.36 % 3.23 %
VT 2 270,519.89 0.32 % 0.36 %
WA 9 1,181,458.16 1.40 % 1.61 %
WI 5 683,720.66 0.81 % 0.90 %
WV 1 59,594.01 0.07 % 0.18 %
WY 1 29,600.29 0.04 % 0.18 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- --------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
DESCRIPTION OF CURRENT UNGUARANTEED COLLATERAL
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
INTEREST NUMBER UNGUARANTEED CURRENT UNG. % OF
RATE OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
8.001 - 8.500 2 14,641.17 0.02 % 0.36 %
8.501 - 9.000 11 3,479,917.00 4.14 % 1.97 %
9.001 - 9.500 146 32,354,396.19 38.45 % 26.16 %
9.501 - 10.000 245 34,010,686.11 40.42 % 43.91 %
10.001 - 10.500 153 14,184,466.78 16.86 % 27.42 %
10.501 - 11.000 1 98,500.00 0.12 % 0.18 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
GROSS NUMBER UNGUARANTEED CURRENT UNG. % OF
MARGIN OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
0.001 - 0.500 2 14,641.17 0.02 % 0.36 %
0.501 - 1.000 2 733,869.45 0.87 % 0.36 %
1.001 - 1.500 87 21,169,232.19 25.16 % 15.59 %
1.501 - 2.000 236 39,473,842.16 46.91 % 42.29 %
2.001 - 2.500 158 18,376,522.04 21.84 % 28.32 %
2.501 - 3.000 73 4,374,500.24 5.20 % 13.08 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
LIFETIME NUMBER UNGUARANTEED CURRENT UNG. % OF
FLOOR OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
0 447 61,220,569.85 72.76 % 80.11 %
3.501 - 4.000 1 717,994.94 0.85 % 0.18 %
4.001 - 4.500 3 1,395,959.29 1.66 % 0.54 %
4.501 - 5.000 20 5,017,664.25 5.96 % 3.58 %
5.001 - 5.500 66 13,032,933.79 15.49 % 11.83 %
5.501 - 6.000 18 2,559,757.24 3.04 % 3.23 %
6.001 - 6.500 3 197,727.89 0.23 % 0.54 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
LIFETIME NUMBER UNGUARANTEED CURRENT UNG. % OF
CAP OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
0 447 61,220,569.85 72.76 % 80.11 %
13.501 - 14.000 1 717,994.94 0.85 % 0.18 %
14.001 - 14.500 8 1,820,301.70 2.16 % 1.43 %
14.501 - 15.000 29 5,961,534.28 7.09 % 5.20 %
15.001 - 15.500 48 10,157,791.56 12.07 % 8.60 %
15.501 - 16.000 23 4,092,273.01 4.86 % 4.12 %
16.001 - 16.500 2 172,141.91 0.20 % 0.36 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
DESCRIPTION OF CURRENT UNGUARANTEED COLLATERAL
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
REMAINING NUMBER UNGUARANTEED CURRENT UNG. % OF
TERM OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
25 - 36 1 1,375.22 0.00 % 0.18 %
61 - 72 1 15,874.5 0.02 % 0.18 %
73 - 84 9 306,087.93 0.36 % 1.61 %
85 - 96 9 568,797.40 0.68 % 1.61 %
97 - 108 11 524,781.01 0.62 % 1.97 %
109 - 120 191 16,193,443.57 19.25 % 34.23 %
121 - 132 3 148,692.77 0.18 % 0.54 %
133 - 144 7 565,486.38 0.67 % 1.25 %
145 - 156 4 283,218.91 0.34 % 0.72 %
157 - 168 8 1,088,668.58 1.29 % 1.43 %
169 - 180 10 1,152,367.55 1.37 % 1.79 %
181 - 192 13 3,632,110.44 4.32 % 2.33 %
193 - 204 5 673,384.60 0.80 % 0.90 %
205 - 216 8 987,122.91 1.17 % 1.43 %
217 - 228 11 3,018,738.00 3.59 % 1.97 %
229 - 240 34 5,993,005.37 7.12 % 6.09 %
241 - 252 18 3,350,529.88 3.98 % 3.23 %
253 - 264 20 3,453,269.83 4.10 % 3.58 %
265 - 276 25 6,609,474.69 7.86 % 4.48 %
277 - 288 31 9,834,658.12 11.69 % 5.56 %
289 - 300 139 25,741,519.58 30.59 % 24.91 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
NUMBER UNGUARANTEED CURRENT UNG. % OF
AGE OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
0 10 2,147,461.52 2.55 % 1.79 %
1 - 12 535 81,342,252.07 96.67 % 95.88 %
13 - 24 2 311,704.35 0.37 % 0.36 %
37 - 48 1 13,968.07 0.02 % 0.18 %
97 - 108 1 119,276.02 0.14 % 0.18 %
109 - 120 1 76,031.30 0.09 % 0.18 %
121 - 132 1 34,132.65 0.04 % 0.18 %
157 - 168 1 16,336.73 0.02 % 0.18 %
169 - 180 1 17,259.11 0.02 % 0.18 %
181 - 192 2 33,669.75 0.04 % 0.36 %
193 - 204 2 29,140.46 0.03 % 0.36 %
205 - 216 1 1,375.22 0.00 % 0.18 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
DESCRIPTION OF CURRENT UNGUARANTEED COLLATERAL
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
YEAR OF NUMBER UNGUARANTEED CURRENT UNG. % OF
ORIGINATION OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
1981 1 1,375.22 0.00 % 0.18 %
1982 2 29,140.46 0.03 % 0.36 %
1983 2 33,669.75 0.04 % 0.36 %
1984 1 17,259.11 0.02 % 0.18 %
1985 1 16,336.73 0.02 % 0.18 %
1988 1 34,132.65 0.04 % 0.18 %
1989 1 76,031.30 0.09 % 0.18 %
1990 1 119,276.02 0.14 % 0.18 %
1995 1 13,968.07 0.02 % 0.18 %
1997 1 123,548.19 0.15 % 0.18 %
1998 529 80,601,240.48 95.79 % 94.80 %
1999 17 3,076,629.27 3.66 % 3.05 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
UNGUARANTEED NUMBER UNGUARANTEED CURRENT UNG. % OF
PERCENTAGE OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
5.01 - 10.00 7 97,781.27 0.12 % 1.25 %
10.01 - 15.00 2 110,163.95 0.13 % 0.36 %
15.01 - 20.00 13 334,193.82 0.40 % 2.33 %
20.01 - 25.00 462 42,755,871.18 50.81 % 82.80 %
25.01 - 30.00 14 3,736,367.67 4.44 % 2.51 %
30.01 - 35.00 10 3,598,598.73 4.28 % 1.79 %
35.01 - 40.00 12 5,041,176.17 5.99 % 2.15 %
40.01 - 45.00 12 6,544,439.19 7.78 % 2.15 %
45.01 - 50.00 7 4,110,837.50 4.89 % 1.25 %
50.01 - 55.00 7 5,523,939.44 6.56 % 1.25 %
55.01 - 60.00 7 6,247,296.79 7.42 % 1.25 %
60.01 - 65.00 5 6,041,941.54 7.18 % 0.90 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
DESCRIPTION OF CURRENT UNGUARANTEED COLLATERAL
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
DEBT SERVICE NUMBER UNGUARANTEED CURRENT UNG. % OF
COVER RATIO OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
0 43 5,391,584.41 6.41 % 7.71 %
0.01 - 0.50 39 9,461,024.36 11.24 % 6.99 %
0.51 - 1.00 46 7,281,684.38 8.65 % 8.24 %
1.01 - 1.50 238 40,215,797.02 47.79 % 42.65 %
1.51 - 2.00 101 12,352,930.84 14.68 % 18.10 %
2.01 - 2.50 52 6,745,910.06 8.02 % 9.32 %
2.51 - 3.00 13 1,082,236.55 1.29 % 2.33 %
3.01 - 3.50 12 796,189.09 0.95 % 2.15 %
3.51 - 4.00 5 287,463.73 0.34 % 0.90 %
4.01 - 4.50 3 129,744.15 0.15 % 0.54 %
4.51 - 5.00 1 33,279.36 0.04 % 0.18 %
5.01 - 5.50 2 212,134.31 0.25 % 0.36 %
6.01 - 6.50 1 35,862.59 0.04 % 0.18 %
6.51 - 7.00 1 30,139.47 0.04 % 0.18 %
7.51 - 8.00 1 86,626.93 0.10 % 0.18 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
NUMBER UNGUARANTEED CURRENT UNG. % OF
ORIGINAL TERM OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
73 - 84 9 306,087.93 0.36 % 1.61 %
85 - 96 8 554,829.33 0.66 % 1.43 %
97 - 108 9 482,358.97 0.57 % 1.61 %
109 - 120 189 16,154,797.26 19.20 % 33.87 %
121 - 132 3 145,401.73 0.17 % 0.54 %
133 - 144 6 549,149.65 0.65 % 1.08 %
145 - 156 4 283,218.91 0.34 % 0.72 %
157 - 168 8 1,088,668.58 1.29 % 1.43 %
169 - 180 9 1,076,336.25 1.28 % 1.61 %
181 - 192 13 3,632,110.44 4.32 % 2.33 %
193 - 204 4 554,108.58 0.66 % 0.72 %
205 - 216 8 987,122.91 1.17 % 1.43 %
217 - 228 11 3,018,738.00 3.59 % 1.97 %
229 - 240 36 6,028,513.24 7.16 % 6.45 %
241 - 252 18 3,350,529.88 3.98 % 3.23 %
253 - 264 18 3,141,565.48 3.73 % 3.23 %
265 - 276 28 6,937,053.55 8.24 % 5.02 %
277 - 288 31 9,785,230.75 11.63 % 5.56 %
289 - 300 146 26,066,785.81 30.98 % 26.16 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
DESCRIPTION OF CURRENT UNGUARANTEED COLLATERAL
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
YEAR OF NUMBER UNGUARANTEED CURRENT UNG. % OF
MATURITY OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
2001 1 1,375.22 0.00 % 0.18 %
2004 1 15,874.51 0.02 % 0.18 %
2005 9 306,087.93 0.36 % 1.61 %
2006 9 568,797.40 0.68 % 1.61 %
2007 10 495,624.92 0.59 % 1.79 %
2008 184 15,332,279.86 18.22 % 32.97 %
2009 11 1,039,012.57 1.23 % 1.97 %
2010 7 565,486.38 0.67 % 1.25 %
2011 4 283,218.91 0.34 % 0.72 %
2012 8 1,088,668.58 1.29 % 1.43 %
2013 10 1,152,367.55 1.37 % 1.79 %
2014 13 3,632,110.44 4.32 % 2.33 %
2015 5 673,384.60 0.80 % 0.90 %
2016 8 987,122.91 1.17 % 1.43 %
2017 10 2,897,863.00 3.44 % 1.79 %
2018 35 6,113,880.37 7.27 % 6.27 %
2019 18 3,350,529.88 3.98 % 3.23 %
2020 16 1,964,590.80 2.33 % 2.87 %
2021 29 8,098,153.72 9.62 % 5.20 %
2022 29 9,462,949.45 11.25 % 5.20 %
2023 137 25,594,566.65 30.42 % 24.55 %
2024 4 518,661.60 0.62 % 0.72 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
DESCRIPTION OF CURRENT UNGUARANTEED COLLATERAL
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
ORIGINAL AGGREGATE NUMBER UNGUARANTEED CURRENT UNG. % OF
LOAN AMOUNT OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
50,001 - 100,000 12 214,917.80 0.26 % 2.15 %
100,001 - 150,000 61 1,899,820.36 2.26 % 10.93 %
150,001 - 200,000 63 2,720,339.36 3.23 % 11.29 %
200,001 - 250,000 56 3,017,358.86 3.59 % 10.04 %
250,001 - 300,000 54 3,665,593.14 4.36 % 9.68 %
300,001 - 350,000 42 3,288,082.70 3.91 % 7.53 %
350,001 - 400,000 35 3,189,186.13 3.79 % 6.27 %
400,001 - 450,000 23 2,405,533.08 2.86 % 4.12 %
450,001 - 500,000 20 2,344,458.42 2.79 % 3.58 %
500,001 - 550,000 18 2,276,694.64 2.71 % 3.23 %
550,001 - 600,000 20 2,985,832.48 3.55 % 3.58 %
600,001 - 650,000 14 2,170,919.24 2.58 % 2.51 %
650,001 - 700,000 17 2,820,225.14 3.35 % 3.05 %
700,001 - 750,000 9 1,865,205.77 2.22 % 1.61 %
750,001 - 800,000 15 2,881,435.53 3.42 % 2.69 %
800,001 - 850,000 5 1,011,257.21 1.20 % 0.90 %
850,001 - 900,000 12 2,809,652.15 3.34 % 2.15 %
900,001 - 950,000 7 1,624,118.33 1.93 % 1.25 %
950,001 - 1,000,000 8 2,100,302.12 2.50 % 1.43 %
1,000,001 - 1,050,000 8 2,337,867.70 2.78 % 1.43 %
1,050,001 - 1,100,000 9 2,864,730.73 3.40 % 1.61 %
1,100,001 - 1,150,000 5 1,872,560.87 2.23 % 0.90 %
1,150,001 - 1,200,000 7 2,925,539.30 3.48 % 1.25 %
1,200,001 - 1,250,000 4 1,887,309.21 2.24 % 0.72 %
1,250,001 - 1,300,000 5 2,761,009.70 3.28 % 0.90 %
1,300,001 - 1,350,000 6 3,441,053.84 4.09 % 1.08 %
1,350,001 - 1,400,000 2 1,319,585.80 1.57 % 0.36 %
1,400,001 - 1,450,000 4 2,690,439.61 3.20 % 0.72 %
1,450,001 - 1,500,000 1 742,191.81 0.88 % 0.18 %
1,500,001 - 1,550,000 1 774,009.12 0.92 % 0.18 %
1,550,001 - 1,600,000 3 2,495,237.98 2.97 % 0.54 %
1,600,001 - 1,650,000 1 867,587.15 1.03 % 0.18 %
1,650,001 - 1,700,000 3 2,828,770.97 3.36 % 0.54 %
1,700,001 - 1,750,000 2 1,902,352.98 2.26 % 0.36 %
1,800,001 - 1,850,000 1 1,099,486.48 1.31 % 0.18 %
1,850,001 - 1,900,000 1 1,148,453.70 1.36 % 0.18 %
1,900,001 - 1,950,000 1 1,167,003.39 1.39 % 0.18 %
1,950,001 - 2,000,000 3 3,726,484.45 4.43 % 0.54 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
DESCRIPTION OF CURRENT UNGUARANTEED COLLATERAL
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
ORIGINAL UNGUARANTEED NUMBER UNGUARANTEED CURRENT UNG. % OF
LOAN BALANCE OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
1 - 25,000 16 261,884.60 0.31 % 2.87 %
25,001 - 50,000 126 4,671,437.09 5.55 % 22.58 %
50,001 - 75,000 108 6,669,654.95 7.93 % 19.35 %
75,001 - 100,000 75 6,490,027.02 7.71 % 13.44 %
100,001 - 125,000 43 4,749,991.50 5.65 % 7.71 %
125,001 - 150,000 35 4,789,525.13 5.69 % 6.27 %
150,001 - 175,000 30 4,871,868.36 5.79 % 5.38 %
175,001 - 200,000 23 4,329,954.94 5.15 % 4.12 %
200,001 - 225,000 16 3,411,114.56 4.05 % 2.87 %
225,001 - 250,000 15 3,540,686.83 4.21 % 2.69 %
250,001 - 275,000 2 522,414.89 0.62 % 0.36 %
275,001 - 300,000 6 1,680,932.99 2.00 % 1.08 %
300,001 - 325,000 5 1,539,457.73 1.83 % 0.90 %
325,001 - 350,000 3 986,428.68 1.17 % 0.54 %
350,001 - 375,000 2 686,922.43 0.82 % 0.36 %
375,001 - 400,000 4 1,524,482.76 1.81 % 0.72 %
400,001 - 425,000 9 3,683,957.58 4.38 % 1.61 %
425,001 - 450,000 2 880,889.02 1.05 % 0.36 %
450,001 - 475,000 2 916,976.80 1.09 % 0.36 %
475,001 - 500,000 2 970,332.41 1.15 % 0.36 %
500,001 - 525,000 1 520,229.80 0.62 % 0.18 %
525,001 - 550,000 3 1,571,669.65 1.87 % 0.54 %
550,001 - 575,000 2 1,114,398.28 1.32 % 0.36 %
575,001 - 600,000 4 2,326,655.56 2.77 % 0.72 %
600,001 - 625,000 1 601,590.86 0.71 % 0.18 %
650,001 - 675,000 2 1,323,079.63 1.57 % 0.36 %
675,001 - 700,000 3 2,036,470.23 2.42 % 0.54 %
700,001 - 725,000 1 717,994.94 0.85 % 0.18 %
725,001 - 750,000 1 742,191.81 0.88 % 0.18 %
750,001 - 775,000 1 774,009.12 0.92 % 0.18 %
825,001 - 850,000 2 1,653,270.58 1.96 % 0.36 %
850,001 - 875,000 1 841,967.40 1.00 % 0.18 %
875,001 - 900,000 1 867,587.15 1.03 % 0.18 %
925,001 - 950,000 1 933,882.40 1.11 % 0.18 %
950,001 - 975,000 4 3,797,241.55 4.51 % 0.72 %
1,100,001 - 1,125,000 1 1,099,486.48 1.31 % 0.18 %
1,150,001 - 1,175,000 2 2,315,457.09 2.75 % 0.36 %
1,225,001 - 1,250,000 3 3,726,484.45 4.43 % 0.54 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
DESCRIPTION OF CURRENT UNGUARANTEED COLLATERAL
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
CURRENT AGGREGATE NUMBER UNGUARANTEED CURRENT UNG. % OF
LOAN BALANCE OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
1 - 50,000 2 15,343.29 0.02 % 0.36 %
50,001 - 100,000 13 238,805.45 0.28 % 2.33 %
100,001 - 150,000 64 1,998,004.64 2.37 % 11.47 %
150,001 - 200,000 65 2,791,026.56 3.32 % 11.65 %
200,001 - 250,000 55 3,078,009.30 3.66 % 9.86 %
250,001 - 300,000 54 3,702,087.00 4.40 % 9.68 %
300,001 - 350,000 41 3,363,068.21 4.00 % 7.35 %
350,001 - 400,000 30 2,830,627.91 3.36 % 5.38 %
400,001 - 450,000 25 2,625,787.05 3.12 % 4.48 %
450,001 - 500,000 18 2,124,204.45 2.52 % 3.23 %
500,001 - 550,000 21 2,741,249.24 3.26 % 3.76 %
550,001 - 600,000 17 2,618,879.89 3.11 % 3.05 %
600,001 - 650,000 14 2,170,919.24 2.58 % 2.51 %
650,001 - 700,000 17 2,874,561.20 3.42 % 3.05 %
700,001 - 750,000 10 2,051,072.22 2.44 % 1.79 %
750,001 - 800,000 14 2,714,858.77 3.23 % 2.51 %
800,001 - 850,000 5 1,030,814.15 1.23 % 0.90 %
850,001 - 900,000 12 2,821,288.84 3.35 % 2.15 %
900,001 - 950,000 7 1,631,378.29 1.94 % 1.25 %
950,001 - 1,000,000 7 1,868,946.76 2.22 % 1.25 %
1,000,001 - 1,050,000 9 2,645,503.68 3.14 % 1.61 %
1,050,001 - 1,100,000 9 2,905,172.86 3.45 % 1.61 %
1,100,001 - 1,150,000 6 2,326,937.12 2.77 % 1.08 %
1,150,001 - 1,200,000 5 2,123,084.94 2.52 % 0.90 %
1,200,001 - 1,250,000 4 1,887,309.21 2.24 % 0.72 %
1,250,001 - 1,300,000 5 2,761,009.70 3.28 % 0.90 %
1,300,001 - 1,350,000 7 4,042,644.70 4.80 % 1.25 %
1,350,001 - 1,400,000 3 2,032,820.21 2.42 % 0.54 %
1,400,001 - 1,450,000 2 1,375,614.34 1.63 % 0.36 %
1,450,001 - 1,500,000 1 742,191.81 0.88 % 0.18 %
1,500,001 - 1,550,000 1 774,009.12 0.92 % 0.18 %
1,550,001 - 1,600,000 3 2,495,237.98 2.97 % 0.54 %
1,600,001 - 1,650,000 1 867,587.15 1.03 % 0.18 %
1,650,001 - 1,700,000 4 3,778,084.18 4.49 % 0.72 %
1,700,001 - 1,750,000 1 953,039.77 1.13 % 0.18 %
1,800,001 - 1,850,000 1 1,099,486.48 1.31 % 0.18 %
1,850,001 - 1,900,000 1 1,148,453.70 1.36 % 0.18 %
1,900,001 - 1,950,000 1 1,167,003.39 1.39 % 0.18 %
1,950,001 - 2,000,000 3 3,726,484.45 4.43 % 0.54 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
FIRST UNION CAPITAL MARKETS
THE MONEY STORE SBA LOAN-BACKED ADJUSTABLE RATE CERTIFICATES, SERIES 1999-1
DESCRIPTION OF CURRENT UNGUARANTEED COLLATERAL
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
CURRENT % OF CUT-OFF
CURRENT UNGUARANTEED NUMBER UNGUARANTEED CURRENT UNG. % OF
LOAN BALANCE OF LOANS PRINCIPAL BALANCE BALANCE LOAN COUNT
<S> <C> <C> <C> <C>
1 - 25,000 21 350,554.79 0.42 % 3.76 %
25,001 - 50,000 125 4,748,431.81 5.64 % 22.40 %
50,001 - 75,000 107 6,724,289.64 7.99 % 19.18 %
75,001 - 100,000 72 6,269,727.42 7.45 % 12.90 %
100,001 - 125,000 44 4,869,267.52 5.79 % 7.89 %
125,001 - 150,000 34 4,670,249.11 5.55 % 6.09 %
150,001 - 175,000 31 5,045,480.44 6.00 % 5.56 %
175,001 - 200,000 23 4,349,244.63 5.17 % 4.12 %
200,001 - 225,000 16 3,442,308.19 4.09 % 2.87 %
225,001 - 250,000 14 3,316,591.43 3.94 % 2.51 %
250,001 - 275,000 4 1,069,819.96 1.27 % 0.72 %
275,001 - 300,000 4 1,133,527.92 1.35 % 0.72 %
300,001 - 325,000 5 1,539,457.73 1.83 % 0.90 %
325,001 - 350,000 5 1,673,351.11 1.99 % 0.90 %
375,001 - 400,000 4 1,524,482.76 1.81 % 0.72 %
400,001 - 425,000 9 3,683,957.58 4.38 % 1.61 %
425,001 - 450,000 2 880,889.02 1.05 % 0.36 %
450,001 - 475,000 2 916,976.80 1.09 % 0.36 %
475,001 - 500,000 2 970,332.41 1.15 % 0.36 %
500,001 - 525,000 3 1,566,735.51 1.86 % 0.54 %
525,001 - 550,000 1 525,163.94 0.62 % 0.18 %
550,001 - 575,000 3 1,688,798.17 2.01 % 0.54 %
575,001 - 600,000 3 1,752,255.67 2.08 % 0.54 %
600,001 - 625,000 1 601,590.86 0.71 % 0.18 %
650,001 - 675,000 3 1,983,935.52 2.36 % 0.54 %
675,001 - 700,000 2 1,375,614.34 1.63 % 0.36 %
700,001 - 725,000 1 717,994.94 0.85 % 0.18 %
725,001 - 750,000 1 742,191.81 0.88 % 0.18 %
750,001 - 775,000 1 774,009.12 0.92 % 0.18 %
825,001 - 850,000 3 2,495,237.98 2.97 % 0.54 %
850,001 - 875,000 1 867,587.15 1.03 % 0.18 %
925,001 - 950,000 4 3,778,084.18 4.49 % 0.72 %
950,001 - 975,000 1 953,039.77 1.13 % 0.18 %
1,075,001 - 1,100,000 1 1,099,486.48 1.31 % 0.18 %
1,125,001 - 1,150,000 1 1,148,453.70 1.36 % 0.18 %
1,150,001 - 1,175,000 1 1,167,003.39 1.39 % 0.18 %
1,225,001 - 1,250,000 3 3,726,484.45 4.43 % 0.54 %
TOTAL: 558 84,142,607.25 100.00 % 100.00 %
- ----------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Material, as
appropriate (the "material"), is for your private information and First Union
Capital Markets Corp. (the "Underwriter") is not soliciting any action based
upon it. This Material is not to be construed as an offer to sell or the
solicitation would be illegal. This material is based on information that the
Underwriter considers reliable, but the Underwriter does not represent that it
is accurate or complete and it should not be relied upon as such. By accepting
this material the recipient agrees that it will not distribute or provide the
material to any person. The information contained in this material may not be
based on assumptions regarding market conditions and other matters as reflected
herein. The Underwriter makes no representation regarding the reasonableness of
such assumptions or the likelihood that any of such assumptions will coincide
with actual market conditions or events, and this material should not be relied
upon for such purposes. The Underwriter and its affiliates, officers, directors,
partners and employees, including persons involved in the preparation or
issuance of this material may, from time to time, have long or short positions
in, and buy and sell, the securities mentioned therein or derivatives thereof
(including options). This material may be filed with the Securities and Exchange
Commission (the "SEC") and incorporated by reference into and effective
registration statement previously filed with SEC under Rule 415 of the
Securities Act of 1933, including all cases where the material does not pertain
to securities that are ultimately offered for sale pursuant to such registration
statement. Information contained in this material is current as of the date
appearing on this material only. Information in this material regarding any
assets backing any securities discussed herein supercedes all prior information
regarding such assets. Any information in the material, whether regarding assets
backing any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
<PAGE>
EXHIBIT 99.2
Prudential Securities Incorporated's Legend on Computational Materials
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