<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM (A) BALANCE SHEET STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH (B) 1ST QUARTER 10-Q. </LEGEND> <CIK> 0000945901 <NAME> ROCKFORD INDUSTRIES, INC. <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 7,391,396 <SECURITIES> 0 <RECEIVABLES> 43,411,172 <ALLOWANCES> 721,246 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 2,930,156 <DEPRECIATION> 848,557 <TOTAL-ASSETS> 146,230,599 <CURRENT-LIABILITIES> 125,532,253 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,575,000 <COMMON> 14,032,491 <OTHER-SE> 5,090,855 <TOTAL-LIABILITY-AND-EQUITY> 146,230,599 <SALES> 2,309,359 <TOTAL-REVENUES> 4,596,001 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,220,826 <LOSS-PROVISION> 354,007 <INTEREST-EXPENSE> 620,974 <INCOME-PRETAX> 1,400,194 <INCOME-TAX> 560,000 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 840,194 <EPS-PRIMARY> .19 <EPS-DILUTED> .19