<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30,
1999 FORM 10-Q OF THE PMC COMMERCIAL TRUST AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<CASH> 170
<SECURITIES> 161
<RECEIVABLES> 121,495<F1>
<ALLOWANCES> (100)
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 73,770
<DEPRECIATION> (2,037)
<TOTAL-ASSETS> 203,484<F2>
<CURRENT-LIABILITIES> 6,921<F3>
<BONDS> 103,837
<PREFERRED-MANDATORY> 0
<PREFERRED> 0
<COMMON> 94,306
<OTHER-SE> (1,580)
<TOTAL-LIABILITY-AND-EQUITY> 203,484
<SALES> 10,935
<TOTAL-REVENUES> 10,935
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 2,338
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 3,443
<INCOME-PRETAX> 5,154
<INCOME-TAX> 0
<INCOME-CONTINUING> 5,154
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,154
<EPS-BASIC> 0.79
<EPS-DILUTED> 0.79
<FN>
<F1>INCLUDES CURRENT AND LONG-TERM PORTION OF ALL LOANS RECEIVALBE - BEFORE RESERVE
AND RELATED INTEREST RECEIVABLES.
<F2>INCLUDES THE FOLLOWING ITEMS NOT INCLUDED ABOVE:
(i) OTHER ASSETS, NET 340
(ii) DEFERRED BORROWING COSTS 484
(iii) RESTRICTED INVESTMENTS 9,201
------
10,025
======
<F3>INCLUDES THE FOLLOWING ITEMS:
(i) DIVIDENDS PAYABLE 3,003
(ii) OTHER LIABILITIES 2,089
(iii) INTEREST PAYABLE 410
(iv) BORROWER ADVANCES 432
(v) UNEARNED COMMITMENT FEES 423
(vi) DUE TO AFFILIATES 564
-----
6,921
=====
</FN>