Exhibit 10.25
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                              [Letterhead of EAB]

                                                                 October 4, 1996

Standard Funding Corporation
335 Crossways Park Drive
Woodbury, NY 11797

Re: $6,000,000 line of credit

Gentlemen:

      European American Bank ("EAB") is pleased to advise you it continues to
hold available for Standard Funding Corporation a line of credit (the "Line") in
the increased amount of $6,000,000, subject to the following terms and
conditions:

      1.    Borrower:

            The Borrower shall be Standard Funding Corporation, a corporation
organized and in good standing under the laws of the State of New York.

      2.    Description of the Line:

            Loans provided under the Line shall be evidenced by EAB's standard
Master Note (the "Note") in the amount of the Line, which Note shall bear
interest at a rate to be elected by the Borrower prior to the time an advance is
requested under the Line equal to either (i) EAB's Prime Rate (the rate of
interest stated by EAB to be its Prime Rate in effect from time to time and
adjusted when said Prime Rate changes) or (ii) the Reserve Adjusted Libor, as
such term is defined in the Note, for interest periods of 30, 60 or 90 days plus
a margin of 1.50% per annum computed on the basis of actual days elapsed in a
360 day year.

            Interest on the unpaid principal balance of the Note from time to
time outstanding shall be payable monthly in arrears commencing on the first day
of the month following the date of the first advance under the Note if based on
the Prime Rate and payable at maturity if based on the Libor rate. Any advance
under the Line made by EAB in its discretion shall be in an amount not less than
$500,000. Availability under the Line shall be subject to the discretion of EAB
and nothing contained herein shall obligate EAB to fund a request for an
advance.

            Notwithstanding any indications herein to the contrary, the maximum
availability under the Line shall not exceed the sum of eighty percent (80%) of
the Borrower's "Eligible Accounts Receivable" as such term is defined in the
"Borrowing Base Certificate identified herein.
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            The Borrower acknowledges and agrees that the Line is uncommitted
and requests for advances or extensions of credit thereunder shall be approved
in the discretion of EAB, which may refuse to make an extension of credit under
the Line at any time without prior notice to the Borrower, and that the
performance or compliance by the Borrower of the agreements contained in this
letter, or in any other document or agreement evidencing or securing such
advances or extensions of credit, shall not obligate EAB to make an advance or
provide an extension of credit thereunder.

            Subject to the terms and conditions hereof, the Line shall be
available until April 30, 1997.

      3.    Purpose of the Line:

            The purpose of the Line shall be to finance the growth of the
Borrower's premium installment receivable portfolio.

      4.    Financial Reporting:

            The Borrower shall provide to EAB:

            (i) As soon as available, but in any event within sixty (60) days
after the end of each calendar quarter, S.E.C Form l0Q, which shall include a
balance sheet of the Borrower and statements of income and retained earnings and
cash flows of the Borrower for such quarter, and the portion of the fiscal year
through such date all in reasonable detail, such statements to be prepared in
accordance with generally accepted accounting principles;

            (ii) As soon as available but in any event within 120 days after the
last day of the Borrower's fiscal year end, a copy of the annual 10K report, as
filed with the S.E.C. which shall include a balance sheet of the Borrower and
statements of income and retained earnings and cash flows of the Borrower, all
in reasonable detail, such statements to be prepared in accordance with
generally accepted accounting principles;

            (iii) As soon as available, but in any event within twenty-one (21)
days after last day of each calendar month, a Borrowing Base Certificate
specifying total bank debt and commercial paper outstanding as a percentage of
accounts receivable and otherwise in form and substance satisfactory to EAB; and

            (iv) As soon as available, but in any event within 21 days after the
end of each calendar month, a schedule of accounts receivable aged to show the
number of days each such account has been outstanding from its invoice date, in
form satisfactory to EAB and accompanied by a statement signed by the Borrower's
president or chief financial officer to the effect that such statement is true,
correct and complete.


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            (v) Such other financial or other information as EAB may from time
to time request.

      5.    Special Requirements:

            a.    The Borrower agrees to maintain at all times:

                  (i) a tangible net worth (the sum of capital surplus, earned
surplus, capital stock and such other items as are allowable under generally
accepted accounting principles minus deferred charges, intangibles, receivables
due from stockholders, officers or affiliates and treasury stock) in an amount
not less than $5,500,000;

                  (ii) a maximum leverage ratio (the ratio of total
unsubordinated liabilities to capital base) of not greater than 4.0 to 1.0.

                  (iii) a minimum interest coverage ratio, the ratio of net
income before interest expense, taxes and loan loss provision (net of
charge-offs) for the most recently concluded fiscal year to interest expense, of
not less than 1.15 to 1.0;

                  (iv) a demand deposit account with EAB at all times having
average free deposit balances satisfactory at all times to EAB.

            b. The Borrower covenants and agrees to limit the sum of all
indebtedness for borrowed money and commercial paper debt to an amount not to
exceed 80% of eligible installment loans receivable, that is, all installment
loans receivable not more than 60 days past due.

            c. The Borrower shall advise EAB in writing, of any changes in the
Bank group, or changes in the amounts of credit lines offered by the Bank group,
within 7 days of this occurrence.

      6.    Events of Default:

            The Line shall be "cross-defaulted" with all other now existing or
hereafter created senior and subordinated debt facilities (each, a "Debt
Facility") such that a default under any Debt Facility shall constitute an Event
of Default under the Note and the Line.

      7.    Facility Fee:

            The Borrower shall pay to EAB a facility fee on the average daily
unused portion of the Line at the rate equal to 1/2 of one percent per annum
payable on the first day of each quarter during the term of the Line.


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                              [Letterhead of EAB]

      8.    Acceptance:

            If the foregoing is acceptable, please so indicate by signing and
returning this letter by October 18, 1996, the date this letter will otherwise
expire, unless extended in writing by EAB.

                                          Very truly yours,

                                          EUROPEAN AMERICAN BANK


                                          By: /s/ Mark J. Noto
                                             -----------------
                                          Mark J. Noto
                                          Vice President


                                           By: /s/ George Goodman
                                              --------------------
                                           George Goodman
                                           Vice President

Agreed and Accepted this day of October, 1996

Standard Funding Corporation


By:________________________


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