EXHIBIT 21.1     
 
                         SUBSIDIARIES OF THE REGISTRANT
   
Southern Pacific Thrift and Loan, a California corporation.     
   
Imperial Business Credit, Inc., a California corporation.     
   
Imperial Credit Advisors, Inc., a California corporation.     
   
Franchise Mortgage Acceptance Company LLC, a California limited liability
company.     
   
Auto Marketing Network, Inc., a Florida corporation.     
   
Each of the aforementioned subsidiaries do business under its respective name.