<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 365,763 <SECURITIES> 0 <RECEIVABLES> 15,264,755 <ALLOWANCES> 999,755 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 14,988,815 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 3,504,334 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 11,484,481 <TOTAL-LIABILITY-AND-EQUITY> 14,988,815 <SALES> 0 <TOTAL-REVENUES> 918,760 <CGS> 0 <TOTAL-COSTS> 140,413 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 212,713 <INTEREST-EXPENSE> 118,023 <INCOME-PRETAX> 447,611 <INCOME-TAX> 0 <INCOME-CONTINUING> 447,611 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 447,611 <EPS-BASIC> .00 <EPS-DILUTED> .00