| Business Summary | | Ameritrans
Capital
Corporation
(Ameritrans)
is
the
holding
company
of
Elk
Associates
Funding
Corporation
(Elk),
a
small
business
investment
company
(SBIC)
formed
in
1979
and
licensed
by
the
U.S.
Small
Business
Administration
(SBA).
Elk
makes
loans
to
the
owners
of
taxi
medallion
businesses
in
the
New
York
City,
Chicago,
Miami
and
Boston
markets
and
to
other
small
businesses.
Loans
made
to
finance
the
purchase
or
continued
ownership
of
taxi
medallions,
taxis,
and
related
assets
represented
approximately
79%
of
Elk's
loan
portfolio
as
of
June
30,
2000.
Loans
made
to
finance
the
acquisition
and/or
operation
of
other
small
businesses
constitute
the
balance
of
Elk's
loan
portfolio.
Both
Ameritrans
and
Elk
are
registered
as
business
development
companies
(BDCs). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ameritrans
Capital
Corp.,
a
specialty
finance
company,
through
its
subsidiary,
Elk
Associates
Funding
Corporation,
makes
loans
to
the
owners
of
medallion
taxi
businesses
and
other
small
businesses.
For
the
nine
months
ended
3/31/01,
revenues
rose
less
than
1%
to
$5
million.
Net
income
fell
26%
to
$419
thousand.
Revenues
reflect
an
increase
in
interest
on
loan
receivables.
Lower
income
reflects
higher
interest
expenses
and
a
$413
thousand
write-off
of
merger
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gary Granoff, 52 Chairman,
Pres | $225K | Steven Etra, 51 VP,
Director | -- | Lee Forlenza, 43 VP,
Director | 50K | Ellen Walker, 45 VP,
Gen. Counsel, Director | 110K | Silvia Maria Mullens, 49 VP | 70K | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|