Here is a photo showing the completed project on the loom. I used masking tape across the bottom row of paper clips to keep from snagging the thread while stitching.
I really liked working with the No Warp loom. It was easier to use and I was able to work faster. The only drawback with using paperclips is having small loops of thread along the end beads after removing the piece from the loom. On the cell phone bag I added a row of beads to each end using Square Stitch and pushing the loops to the inside of the bag.
I have a Versa Loom but did not use it for the cell phone bag. The Versa Loom was not wide enough to accommodate the number of beads required.
I plan to make a loom stitch bracelet with the No Warp loom, but this time I am going to setup the warp threads using beads in the same manner as on the Versa Loom.