<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF BANDO MCGLOCKLIN CAPITAL
CORPORATION AS OF AND FOR THE PERIOD ENDED MARCH 31, 1997 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                         549,663
<SECURITIES>                               106,060,067
<RECEIVABLES>                                2,344,846
<ALLOWANCES>                                  (12,162)
<INVENTORY>                                  1,657,287
<CURRENT-ASSETS>                             2,676,227
<PP&E>                                       2,154,115
<DEPRECIATION>                               (578,910)
<TOTAL-ASSETS>                             114,851,133
<CURRENT-LIABILITIES>                        4,116,993
<BONDS>                                     76,979,613
<PREFERRED-MANDATORY>                          265,035
<PREFERRED>                                 16,908,025
<COMMON>                                             0
<OTHER-SE>                                  16,763,467
<TOTAL-LIABILITY-AND-EQUITY>               114,851,133
<SALES>                                      3,029,640
<TOTAL-REVENUES>                             5,442,414
<CGS>                                        1,637,134
<TOTAL-COSTS>                                1,637,134
<OTHER-EXPENSES>                             1,564,367
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,264,316
<INCOME-PRETAX>                                976,597
<INCOME-TAX>                                 (232,073)
<INCOME-CONTINUING>                            744,524
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   744,524
<EPS-PRIMARY>                                      .20
<EPS-DILUTED>                                      .20