REVOLVING CREDIT NOTE

$25,000,000                     Chicago, Illinois                August 27, 1997


      BUSINESS LOAN CENTER, INC., a Delaware corporation ("Borrower"), for value
received, promises and agrees to pay to the order of TRANSAMERICA BUSINESS
CREDIT CORPORATION, a Delaware corporation ("Lender"), at its offices located at
9399 West Higgins Road, Suite 600, Rosemont, Illinois 60018, in coin or currency
of the United States of America which at the time of payment is legal tender for
the payment of public and private debts, the principal sum of TWENTY-FIVE
MILLION AND NO/100 DOLLARS ($25,000,000), or so much thereof as may be advanced
pursuant to the Loan Agreement hereinafter mentioned.

      All capitalized terms which are used but not defined in this Revolving
Credit Note ("Note") shall have the same meanings as in the Restated and Amended
Loan Agreement of even date herewith, between Borrower, BLC Financial Services,
Inc., a Delaware corporation, and Lender (such Restated and Amended Loan
Agreement, together with all amendments or supplements thereto, being referred
to herein as the "Loan Agreement").

      In addition to the principal sum referred to in the first paragraph of
this Note, Borrower also agrees to pay interest at the rates, and calculated in
the manner, provided in the Loan Agreement. In no event shall the interest rate
exceed the Highest Lawful Rate. In the event that the interest rate payable
hereunder would, without giving effect to the previous sentence, exceed the
Highest Lawful Rate, then, should any interest payable hereunder thereafter fall
below the Highest Lawful Rate, interest shall continue to accrue at the Highest
Lawful Rate until such time as Lender has received an amount of interest equal
to what Lender would have received but for the limitation on the interest rate
contained in this paragraph, at which time the interest payable shall again
accrue at the rate otherwise provided for in the Loan Agreement until such
interest rate again exceeds the Highest Lawful Rate, in which event the terms of
this paragraph shall again apply.


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      Accrued interest is due and payable monthly, the first such payment being
due and payable on the first Business Day of the month next succeeding the month
in which the date of this Note falls, and the remaining payments being due and
payable on the first Business Day of each and every succeeding calendar month
thereafter and at the maturity of this Note.

      Borrower may, at its option, prepay this Note at any time. Prepayment of
this Note is subject to the terms and conditions set forth in the Loan
Agreement, including Sections 2.6 and 2.11 thereof.

      Borrower and any and each co-maker, guarantor, accommodation party,
endorser or other Person liable for the payment or collection of this Note
expressly waive demand and presentment for payment, notice of nonpayment, notice
of intent to accelerate, notice of acceleration, protest, notice of protest,
notice of dishonor, bringing of suit, and diligence in taking any action to
collect amounts called for hereunder and in the handling of Collateral at any
time existing as security in connection herewith, and shall be directly and
primarily liable for the payment of all sums owing and to be owing hereon,
regardless of and without any notice, diligence, act or omission as or with
respect to the collection of any amount called for hereunder or in connection
with any Lien at any time had or existing as security for any amount called for
hereunder; provided, that the foregoing waivers shall not constitute a waiver of
any notice that the holder hereof or Lender, as the case may be, is specifically
required to deliver to Borrower under the Loan Agreement, the Security
Agreement, or applicable law.

                  If default is made in the payment of this Note (whether of
principal, interest or other amounts) when due (regardless of how the maturity
of this Note may be brought about) and the same is placed in the hands of an
attorney for collection, or suit is filed hereon, or proceedings are had in
bankruptcy, probate, receivership, or other judicial proceedings for the
establishment or collection of any amount called for hereunder, or any amount
payable or to be payable hereunder is collected through any such proceedings, or
the holder of this Note otherwise attempts to enforce Borrower's Liabilities or
such holder's rights hereunder, then Borrower agrees to pay to the holder of
this Note all


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reasonable costs and expenses incurred by the holder, including, without
limitation, reasonable attorneys' fees.

      This Note is issued pursuant to the Loan Agreement and is entitled to the
benefits of the Loan Agreement and the Security Documents. Reference is made to
the Loan Agreement for provisions for the acceleration of the maturity hereof on
the occurrence of certain events specified therein, for interest rate provisions
and computations and for all other pertinent purposes. Prior to the initial
Revolving Loan hereunder or by reason of payments hereon, there may be times
when no Liabilities are owing hereunder; but notwithstanding any such
occurrence, this Note shall remain valid and shall be in full force and effect
as to Revolving Loans made pursuant to the Loan Agreement subsequent to each
such occurrence.

      This Note is secured by the Collateral described in the Security Documents
executed in connection herewith for the benefit of Lender.

      THIS NOTE, THE LOAN AGREEMENT, AND THE OTHER LOAN DOCUMENTS ARE CONTRACTS
MADE UNDER AND SHALL, IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION,
VALIDITY, AND PERFORMANCE, AND ALL CLAIMS AND CAUSES OF ACTION RELATED HERETO
AND THERETO, WHETHER SOUNDING IN CONTRACT OR IN TORT, BE CONSTRUED IN ACCORDANCE
WITH AND GOVERNED BY THE LAWS OF THE UNITED STATES OF AMERICA AND THE STATE OF
ILLINOIS, AS SUCH LAWS ARE NOW IN EFFECT (WITHOUT REGARD TO THE PRINCIPLES
THEREOF REGARDING CONFLICTS OF LAWS) AND, WITH RESPECT TO USURY LAWS, IF ANY,
APPLICABLE TO LENDER AND TO THE EXTENT ALLOWED THEREBY, AS SUCH LAWS MAY
HEREAFTER BE IN EFFECT WHICH ALLOW A HIGHER MAXIMUM NONUSURIOUS INTEREST RATE
THAN SUCH LAWS NOW ALLOW; PROVIDED, THAT IF ANY OF THE COLLATERAL SHALL BE
LOCATED IN ANY JURISDICTION OTHER THAN ILLINOIS, THE LAWS OF SUCH JURISDICTION
SHALL GOVERN THE METHOD, MANNER AND PROCEDURE FOR FORECLOSURE OF LENDER'S LIEN
UPON SUCH COLLATERAL AND THE ENFORCEMENT OF LENDER'S OTHER REMEDIES IN RESPECT
OF SUCH COLLATERAL TO THE EXTENT THAT THE LAWS OF SUCH JURISDICTION ARE
DIFFERENT FROM OR INCONSISTENT WITH THE LAWS OF ILLINOIS. IT IS THE INTENT OF
BORROWER AND LENDER THAT THE LAWS OF THE STATE OF ILLINOIS SHALL GOVERN THIS
NOTE, THE LOAN AGREEMENT, AND THE OTHER SECURITY INSTRUMENTS, AND THE
TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY.


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      This Note has been delivered as of the date first written above.



                                          BUSINESS LOAN CENTER, INC.,
                                          a Delaware corporation.


                                          By:  /s/ Robert F. Tannenhauser
                                               ------------------------------
                                               Robert F. Tannenhauser
                                               President


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