<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> US <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <EXCHANGE-RATE> 1 <CASH> 11,236 <SECURITIES> 0 <RECEIVABLES> 16,213,403 <ALLOWANCES> 247,500 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 323,986 <DEPRECIATION> 0 <TOTAL-ASSETS> 17,832,026 <CURRENT-LIABILITIES> 2,167,905 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 5,788,180 <COMMON> 9,875,941 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 17,832,026 <SALES> 0 <TOTAL-REVENUES> 634,603 <CGS> 0 <TOTAL-COSTS> 486,170 <OTHER-EXPENSES> 1,779 <LOSS-PROVISION> 77,500 <INTEREST-EXPENSE> 84,120 <INCOME-PRETAX> 146,654 <INCOME-TAX> 0 <INCOME-CONTINUING> 146,654 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 146,654 <EPS-BASIC> (.09) <EPS-DILUTED> (.09)