<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from the June 30,
2000 financial statements of Royal Acceptance Corporation and Subsidiary as at
and for the six months ended June 30, 2000 is qualified in its entirety by
reference to such financial statements.
</LEGEND>

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              DEC-31-2000
<PERIOD-START>                                 JAN-01-2000
<PERIOD-END>                                   JUN-30-2000
<CASH>                                               7,056
<SECURITIES>                                             0
<RECEIVABLES>                                            0
<ALLOWANCES>                                             0
<INVENTORY>                                      2,082,575
<CURRENT-ASSETS>                                 7,543,220
<PP&E>                                             193,035
<DEPRECIATION>                                      94,082
<TOTAL-ASSETS>                                  30,220,599
<CURRENT-LIABILITIES>                            8,817,381
<BONDS>                                                  0
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                             7,733
<OTHER-SE>                                       1,447,313
<TOTAL-LIABILITY-AND-EQUITY>                    30,220,599
<SALES>                                                  0
<TOTAL-REVENUES>                                 2,497,366
<CGS>                                                    0
<TOTAL-COSTS>                                      956,127
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                               1,306,483
<INCOME-PRETAX>                                    234,756
<INCOME-TAX>                                        92,111
<INCOME-CONTINUING>                                142,645
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                       142,645
<EPS-BASIC>                                           0.02
<EPS-DILUTED>                                         0.02