EXHIBIT 23.2

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the use in this Registration Statement on Form S-4 of PMC
Commercial Trust of our reports dated March 11, 2003, except for Note 20, as to
which the date is March 27, 2003 relating to the financial statements and the
accompanying consolidating information of PMC Capital, Inc., which appears in
such Registration Statement. We also consent to the references to us under the
headings "Experts" and "Selected Historical Financial Data" in such Registration
Statement.

PricewaterhouseCoopers LLP

Dallas, Texas
August 22, 2003