<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