
		Wachovia SBA Lending, Inc. Series 1999-1 Servicer’s Certificate		Record Date: 03/31/2005 Determination Date: 04/12/2005 Distribution Date: 04/15/2005


				Original		Beginning								Total Class				Ending
	Certificate			Certificate		Certificate						Liquidated		Principal		Total		Certificate
Class	Rate			Balance		Balance		Interest		Principal		Losses		Distribution		Distribution		Balance

A		3.0500	%		94,012,000.00		33,915,807.53		82,233.30		1,333,225.33		0.00		1,333,225.33		1,415,458.63		32,582,582.20
Factors per Thousand									0.87471068		14.18143780				14.18143780		15.05614847		346.57897077

M		3.5700	%		2,888,000.00		1,039,880.48		2,951.19		41,000.26		0.00		41,000.26		43,951.45		998,880.22
Factors per Thousand									1.02188019		14.19676593				14.19676593		15.21864612		345.87265235

B		4.5500	%		4,189,247.00		1,513,997.13		5,476.24		59,350.03		0.00		59,350.03		64,826.27		1,454,647.10
Factors per Thousand									1.30721344		14.16723101				14.16723101		15.47444445		347.23354818

*Pool*					101,089,247.00		36,469,685.14		90,660.73		1,433,575.62		0.00		1,433,575.62		1,524,236.35		35,036,109.52
*Totals*									0.89683851		14.18128696				14.18128696		15.07812547		346.58591848

Certificate Information


			Interest			Adjusted
			Distribution			Interest
	Accrued		Amount			Distribution		Remittance			Shortfall
Class	Interest		Adjustment			Amount		Rate			Amounts
A		86,202.60		(3,969.30	)		82,233.30		3.0500	%		0.00
M		3,093.60		(142.41	)		2,951.19		3.5700	%		0.00
B		5,740.50		(264.26	)		5,476.24		4.5500	%		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: 03/31/2005 Determination Date: 04/12/2005 Distribution Date: 04/15/2005


Schedule of Remittance

Aggregate Amount Received	1,754,273.57
Amount Available in the Spread Account	1,949,436.88
Interest Earnings on Spread Account	3,204.79
Letter of Credit Available Amount	5,698,603.68
Monthly Advances	0.00
(Servicing Fee) *	(37,421.54	)
(Premium Protection Fee)	(33,911.71	)
(Unreimbursed Monthly Advances)	0.00

*Available Funds*	9,334,185.67


Bond Interest Distributed	90,660.73
Bond Principal Distributed	1,433,575.62
Escrow Fee	1,823.50
Specified Spread Account Requirement	2,824,660.13
Letter of Credit Available Amount	5,698,603.68
(Required for Spread Account)	(715,137.99	)
Spread Excess Distributed to Spread Acct Depositor	0.00

	9,334,185.67

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.


Collateral Information

Aggregate Beginning Principal Balance of Loans			36,469,685.14
Aggregate Ending Principal Balance of Loans			35,036,109.52
Principal Prepayments (Number / Amount)	2		1,200,344.19
Curtailments			11,923.35
Excess and Monthly Payments			221,308.08
Recoveries on Previous Realized Losses			9,036.62
Interest Received			311,661.33
Amount of Monthly Advance			0.00
Compensating Interest			324.12
Liquidated Losses (Current / Cumulative)	0.00		2,996,765.93
Delinquent 24 mos or Uncollectible (Current / Cumulative)	0.00		8,497,704.43
Specified Spread Account Requirement			2,824,660.13
Transfer from Spread Account to Certificate Account			0.00
Amount on Deposit in Spread Account after all required transfers			2,109,522.14
LOC Available Amount as a percentage of Pool Principal Balance			16.26	%
Excess Spread / Extra Interest	61,496.57		110,715.90
Weighted Average SBA Loan Interest Rate			7.0986	%
Weighted Average Maturity			172.504

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 deposted in the account in error		$	0.00
Servicing Compensation (paid prior month)		$	29,464.56


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: 03/31/2005 Determination Date: 04/12/2005 Distribution Date: 04/15/2005

Exhibit K


	Outstanding Balance - Pool				35,036,109.52
	# Accounts				285



Delinquent Information	# Loans		Pool Amount		Pool %

Delinquent 1-29 Days		117		15,338,027.74		43.778	%
Delinquent 30-59 Days		1		160,903.57		0.459	%
Delinquent 60-89 Days		2		143,901.95		0.411	%
Delinquent 90-179		4		927,373.77		2.647	%
Delinquent 180-719		4		1,083,497.23		3.093	%
Delinquent 720 and Over		0		0.00		0.000	%
Loans in Foreclosure		0		0.00		0.000	%
REO Property		1		58,310.75		0.166	%

Totals		129		17,712,015.01		50.554	%


	Outstanding Balance - Gross				101,383,518.32
	# Accounts				285



Delinquent Information	# Loans		Gross Amount		Gross %

Delinquent 1-29 Days		117		44,021,504.29		43.421	%
Delinquent 30-59 Days		1		643,614.15		0.635	%
Delinquent 60-89 Days		2		575,607.49		0.568	%
Delinquent 90-179		4		2,577,892.74		2.543	%
Delinquent 180-719		4		2,424,323.37		2.391	%
Delinquent 720 and Over		0		0.00		0.000	%
Loans in Foreclosure		0		0.00		0.000	%
REO Property		1		233,242.52		0.230	%

Totals		129		50,476,184.56		49.788	%


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: 03/31/2005 Determination Date: 04/12/2005 Distribution Date: 04/15/2005

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)		361		360		361		361
(iii)		0		0		0		12
(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)		14		14		14		14
(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		14		14		14		14

(xii)		347		346		347		347


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: 03/31/2005 Determination Date: 04/12/2005 Distribution Date: 04/15/2005

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

WACHOVIA SBA LENDING INC SERIES 1999-1 8-K