
		Wachovia SBA Lending, Inc. Series 1999-1 Servicer’s Certificate		Record Date: 07/31/2004 Determination Date: 08/11/2004 Distribution Date: 08/16/2004


				Original		Beginning								Total Class				Ending
	Certificate			Certificate		Certificate						Liquidated		Principal		Total		Certificate
Class	Rate			Balance		Balance		Interest		Principal		Losses		Distribution		Distribution		Balance
A		2.0500	%		94,012,000.00		38,439,933.56		55,817.32		486,887.37		0.00		486,887.37		542,704.69		37,953,046.19
Factors per Thousand									0.59372548		5.17899172				5.17899172		5.77271721		403.70427382

M		2.5700	%		2,888,000.00		1,179,009.53		2,146.26		14,973.10		0.00		14,973.10		17,119.36		1,164,036.43
Factors per Thousand									0.74316482		5.18459141				5.18459141		5.92775623		403.05970568

B		3.5500	%		4,189,247.00		1,715,393.71		4,313.45		21,674.33		0.00		21,674.33		25,987.78		1,693,719.38
Factors per Thousand									1.02964805		5.17380092				5.17380092		6.20344897		404.30162748

*Pool*					101,089,247.00		41,334,336.80		62,277.03		523,534.80		0.00		523,534.80		585,811.83		40,810,802.00
*Totals*									0.61605989		5.17893659				5.17893659		5.79499647		403.71061425

Certificate Information


			Interest			Adjusted
			Distribution			Interest
	Accrued		Amount			Distribution		Remittance			Shortfall
Class	Interest		Adjustment			Amount		Rate			Amounts
A		65,668.20		(9,850.88	)		55,817.32		2.0500	%		0.00
M		2,525.10		(378.84	)		2,146.26		2.5700	%		0.00
B		5,074.80		(761.35	)		4,313.45		3.5500	%		0.00


HSBC Bank USA Issuer Services 10 East 40th Street, 14th Floor New York, NY 10016-0200		Susie Moy Phone: 212-525-1362 Fax: 212-525-1300


		Wachovia SBA Lending, Inc. Series 1999-1 Servicer’s Certificate		Record Date: 07/31/2004 Determination Date: 08/11/2004 Distribution Date: 08/16/2004

Schedule of Remittance


Aggregate Amount Received	822,119.36
Amount Available in the Spread Account	1,745,925.57
Interest Earnings on Spread Account	800.32
Letter of Credit Available Amount	5,694,255.05
Monthly Advances	0.00
(Servicing Fee) *	(38,322.63	)
(Premium Protection Fee)	(39,612.84	)
(Unreimbursed Monthly Advances)	0.00

*Available Funds*	8,185,164.83

Bond Interest Distributed	62,277.03
Bond Principal Distributed	523,534.80
Escrow Fee	2,066.72
Specified Spread Account Requirement	1,682,852.15
Letter of Credit Available Amount	5,694,255.05
(Required for Spread Account)	0.00
Spread Excess Distributed to Spread Acct Depositor	220,179.08

	8,185,164.83

Collateral Information


Aggregate Beginning Principal Balance of Loans			41,334,336.80
Aggregate Ending Principal Balance of Loans			40,810,802.00
Principal Prepayments (Number / Amount)	3		299,907.81
Curtailments			6,455.42
Excess and Monthly Payments			217,171.57
Recoveries on Previous Realized Losses			14,876.60
Interest Received			283,707.96
Amount of Monthly Advance			0.00
Compensating Interest			462.64
Liquidated Losses (Current / Cumulative)	0.00		2,996,765.93
Delinquent 24 mos or Uncollectible (Current / Cumulative)	0.00		8,423,396.24
Specified Spread Account Requirement			1,682,852.15
Transfer from Spread Account to Certificate Account			0.00
Amount on Deposit in Spread Account after all required transfers			1,903,031.23
LOC Available Amount as a percentage of Pool Principal Balance			13.95	%
Excess Spread / Extra Interest	61,745.53		125,484.30
Weighted Average SBA Loan Interest Rate			6.1472	%
Weighted Average Maturity			176.517
Servicer Withdrawals from Principal and Interest Account
Accrued Unpaid Servicing Fees		$	0.00
Unreimbursed Monthly / Servicing Advances		$	0.00
Investment Earnings on Permitted Instruments		$	0.00
Funds deposited in the account in error		$	0.00
Servicing Compensation (paid prior month)		$	40,405.50

In the calculation of Servicing Fee, the Company computes the amount based upon the product of the total interest collected and the ratio of the Servicing Fee rate as specified in the Agreement over the prior month weighted average customer rate.


HSBC Bank USA Issuer Services 10 East 40th Street, 14th Floor New York, NY 10016-0200		Susie Moy Phone: 212-525-1362 Fax: 212-525-1300


		Wachovia SBA Lending, Inc. Series 1999-1 Servicer’s Certificate		Record Date: 07/31/2004 Determination Date: 08/11/2004 Distribution Date: 08/16/2004

Exhibit K


Outstanding Balance - Pool			40,810,802.00
# Accounts			315


Delinquent Information	# Loans		Pool Amount		Pool %
Delinquent 1-29 Days		147		19,900,945.67		48.764	%
Delinquent 30-59 Days		7		486,840.96		1.193	%
Delinquent 60-89 Days		0		0.00		0.000	%
Delinquent 90-179		5		259,146.15		0.635	%
Delinquent 180-719		0		0.00		0.000	%
Delinquent 720 and Over		0		0.00		0.000	%
Loans in Foreclosure		0		0.00		0.000	%
REO Property		0		0.00		0.000	%

Totals		159		20,646,932.78		50.592	%


Outstanding Balance - Gross			118,706,185.82
# Accounts			315


Delinquent Information	# Loans		Gross Amount		Gross %
Delinquent 1-29 Days		147		57,272,895.56		48.248	%
Delinquent 30-59 Days		7		1,958,817.52		1.650	%
Delinquent 60-89 Days		0		0.00		0.000	%
Delinquent 90-179		5		1,036,583.33		0.873	%
Delinquent 180-719		0		0.00		0.000	%
Delinquent 720 and Over		0		0.00		0.000	%
Loans in Foreclosure		0		0.00		0.000	%
REO Property		0		0.00		0.000	%
Totals

		159		60,268,296.41		50.771	%


HSBC Bank USA Issuer Services 10 East 40th Street, 14th Floor New York, NY 10016-0200		Susie Moy Phone: 212-525-1362 Fax: 212-525-1300


		Wachovia SBA Lending, Inc. Series 1999-1 Servicer’s Certificate		Record Date: 07/31/2004 Determination Date: 08/11/2004 Distribution Date: 08/16/2004

Series 1999-1

The following additional information, presented in dollars, pursuant to Section 6.09 subclauses (ii), (iii), (iv), (v), (x) and (xii), is provided for each Class per $1,000 original dollar amount as of the Cut-off date.


Sub-Clause				Class A		Class M		Class B		Pool
(ii)					409		408		409		409
(iii)					0		0		0		3
(iv)					0		0		0		0
(v)					0		0		0		2
(x) (a&b)		(i	)		1		1		1		1
		(ii	)		0		0		0		0
		(iii	)		0		0		0		0
	total				1		1		1		1
(x) (c&d)		(i	)		5		5		5		5
		(ii	)		0		0		0		0
		(iii	)		0		0		0		0
		(iv	)		0		0		0		0
		(v	)		0		0		0		0
		(vi	)		0		0		0		0
		(vii	)		0		0		0		0
	total				5		5		5		5
(xii)					404		403		404		404


HSBC Bank USA Issuer Services 10 East 40th Street, 14th Floor New York, NY 10016-0200								Susie Moy Phone: 212-525-1362 Fax: 212-525-1300


		Wachovia SBA Lending, Inc. Series 1999-1 Servicer’s Certificate		Record Date: 07/31/2004 Determination Date: 08/11/2004 Distribution Date: 08/16/2004

I, Stephanie Hartson, Assistant Vice President, represent that Wachovia SBA Lending, Inc., complied with section 6.09 of the Pooling and Servicing Agreement dated February 28, 1999 pertaining to Series 1999-1 in preparing the accompanying Servicer’s Certificate.


Wachovia SBA Lending, Inc.

By: /s/ Stephanie Hartson
Name: Stephanie Hartson
Title: Assistant Vice President


HSBC Bank USA Issuer Services 10 East 40th Street, 14th Floor New York, NY 10016-0200								Susie Moy Phone: 212-525-1362 Fax: 212-525-1300

MONEY STORE INVESTMENT CORP 8-K