<ARTICLE>        5

                                                                    
                               <PERIOD-TYPE>        6-MOS
                           <FISCAL-YEAR-END>                   DEC-31-1999
                                <PERIOD-END>                   Jun-30-2000
                                      <CASH>                     1,075,623
                                <SECURITIES>                       380,000
                               <RECEIVABLES>                     4,929,160
                                <ALLOWANCES>                       438,263
                                 <INVENTORY>                             0
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                              <DEPRECIATION>                       173,327
                              <TOTAL-ASSETS>                     6,105,986
                       <CURRENT-LIABILITIES>                       740,471
                                     <BONDS>                     4,954,000
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                                    <COMMON>                       411,515
                                  <OTHER-SE>                             0
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                                     <SALES>                             0
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                                       <CGS>                             0
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                            <LOSS-PROVISION>                     (365,489)
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                                <INCOME-TAX>                             0
                         <INCOME-CONTINUING>                             0
                              <DISCONTINUED>                             0
                             <EXTRAORDINARY>                             0
                                   <CHANGES>                             0
                                <NET-INCOME>                     (401,824)
                                 <EPS-BASIC>                         (.17)
                               <EPS-DILUTED>                         (.17)