<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 180597 <SECURITIES> 0 <RECEIVABLES> 10079257 <ALLOWANCES> 252850 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 12065900 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 1549033 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 10516867 <TOTAL-LIABILITY-AND-EQUITY> 12065900 <SALES> 0 <TOTAL-REVENUES> 1123294 <CGS> 0 <TOTAL-COSTS> 64273 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 312684 <INTEREST-EXPENSE> 158175 <INCOME-PRETAX> 588162 <INCOME-TAX> 0 <INCOME-CONTINUING> 588162 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 588162 <EPS-PRIMARY> .00 <EPS-DILUTED> .00