Ameritrans Capital Corporation Declares Quarterly Dividend on 9 3/8% Preferred Stock

  
    
  
  
    
      The board of directors of Ameritrans Capital Corporation 
      (NASDAQ:AMTC)(NASDAQ:AMTCP)(NASDAQ:AMTCW) has declared a dividend of 
      $0.28125 per share on its 93/8% Cumulative 
      Participating Redeemable Preferred Stock for the period January 1, 2007 
      through March 31, 2007. The dividend is payable on or about April 16, 
      2007 to shareholders of record as of March 30, 2007. The dividend is 
      being declared from estimated earnings for the period ending March 31, 
      2007.
    
    
      Ameritrans Capital Corporation is a specialty finance company engaged in 
      making loans to, and investments in, small businesses. Ameritrans’ 
      wholly-owned subsidiary, Elk Associates Funding Corporation, has been 
      licensed by the United States Small Business Administration as a Small 
      Business Investment Company since 1980. The Company maintains its 
      offices at 747 Third Avenue, 4th Floor, New 
      York, NY, 10017.
    
    
      This announcement contains certain forward-looking statements within the 
      meaning of the Private Securities Litigation Reform Act of 1995. Such 
      statements are subject to certain risks and uncertainties that could 
      cause actual results to differ materially from those presently 
      anticipated or projected. Ameritrans Capital Corporation cautions 
      investors not to place undue reliance on forward-looking statements, 
      which speak only as to management’s 
      expectations on this date.