Ameritrans Capital Corporation (NASDAQ: AMTC ) is an internally managed closed-end investment company. Ameritrans has a wholly owned subsidiary Elk Associates Funding Corporation which is licensed as a Small Business Investment Company("SBIC") by the Small Business Administration("SBA").
The Ameritrans team has experience in middle market lending across cycles and the ability to source and manage suitable investment opportunities.
Ameritrans is a uniquely positioned business development company ("BDC") with the ability to produce stable returns by investing in senior secured middle market loans. Combination of BDC structure with SBIC subsidiary allows Ameritrans to utilize higher levels of debt than typical BDCs in pursuing its investment strategy.