Emergent Group, Inc.

Ticker: EMER		15 South Main Street, Suite 750
Exchange: NASDAQ-National Market		Greenville, South Carolina 29601
Industry: Financial		(864) 235-8056

Type of Shares:	Common Shares	Filing Date:	9/20/96
U.S. Shares:	3,000,000	Offer Date:	11/8/96
Non-U.S. Shares:	0	Filing Range:	$11.00 - $13.00
Primary Shares:	2,119,031	Offer Price:	$11.50
Secondary Shares:	880,969	Gross Spread:	$0.81
Offering Amount:	$36,000,000	Selling:	$0.48
Expenses:	$500,000	Reallowance:	$0.10
Shares Out After:	8,741,131

Manager	Tier	Phone
Wheat First Butcher & Singer Capital Markets	Lead Manager	(804) 782-3278
Raymond James & Associates, Inc.	Co-manager	(813) 573-8108

Auditor: Elliot, Davis & Company, L.L.P.
	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	12/31/95	6/30/96	6/30/95		6/30/96
Revenue:	$26.28	$18.31	$12.35	Assets:	$146.66
Net Income:	$0.66	$3.46	$1.95	Liabilities:	$133.12
EPS:	$0.69	$0.51	$0.40	Equity:	$13.54
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The company is a diversified financial services company selling and servicing residential mortgage loans, small business loans and used automobile loans. The company makes substantially all of its loans to borrowers who may have limited access to credit or who may be considered credit-impaired by conventional lending standards. The company commenced its lending operations in 1991 and has experienced significant loan growth over the past several years. During the years 1993, 1994 and 1995 and the three months ended March 31, 1996, the company originated $63.6 million, $150 million, $249.5 million and $85 million in loans respectively. Of the company's loan originations in 1995, $192.8 million were Mortgage Loans, $39.6 million were SBA Loans and $17.1 million were Auto Loans.

Use of Proceeds

The proceeds from the proposed offering will be used to repay indebtedness under the company's existing credit facility.

Last updated: 11/27/96