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EXHIBIT 21
Subsidiaries of ABFS
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JURISDICTION
PARENT SUBSIDIARY OF INCORPORATION
<S> <C> <C>
American Business
Financial Services, Inc. American Business Credit, Inc.
("ABFS") ("ABC") Pennsylvania
ABC Processing Service Center, Inc. Pennsylvania
ABC HomeAmerican Credit, Inc. ("HAC")(1) Pennsylvania
ABC HomeAmerican Consumer Discount, Inc. Pennsylvania
ABC American Business Leasing, Inc.("ABL") Pennsylvania
ABC Tiger Relocation Company Pennsylvania
ABC American Business Finance Corporation Delaware
ABC August Advertising Agency Inc. Pennsylvania
ABFS ABFS 1996-1, Inc. Delaware
ABFS ABFS 1996-2, Inc. Delaware
ABFS ABFS 1997-1, Inc. Delaware
ABFS ABFS 1997-2, Inc. Delaware
ABFS ABFS 1998-1, Inc. Delaware
ABFS ABFS 1998-2, Inc. Delaware
ABFS ABFS 1998-3, Inc. Delaware
ABFS ABFS 1998-4, Inc. Delaware
ABFS ABFS 1999-1, Inc. Delaware
ABFS ABFS 1999-2, Inc. Delaware
ABFS ABFS 1999-3, Inc. Delaware
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<S> <C> <C>
ABFS ABFS 1999-4, Inc. Delaware
ABFS ABFS 2000-1, Inc. Delaware
ABFS ABFS 2000-2, Inc. Delaware
ABFS ABFS Millennium, Inc. Delaware
ABC New Jersey Mortgage New Jersey
New Jersey Mortgage Federal Leasing Corp. ("FLC") New Jersey
ABL and FLC ABFS 1998-A-1, Inc. Delaware
ABL and FLC ABFS 1998-A-2, Inc. Delaware
ABL and FLC ABFS Finance LLC Delaware
ABL and FLC ABFS Residual LLC Delaware
ABL ABFS Finance LLC, 1999-A Delaware
ABL ABFS Residual LLC, 1999-A Delaware
ABL ABFS Special Purpose Management, Inc. Delaware
FLC FLC Financial Corp. II Delaware
ABL American Business Leasing Funding Corporation Delaware
ABC NJLQ Holdings Inc. New Jersey
ABFS Upland Corporation Utah
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(1) HomeAmerican Credit, Inc. is doing business as Upland Mortgage.