Manhattan Bridge Capital 10/23/2024 Earnings Report

Manhattan Bridge Capital EPS Results

• Actual EPS: $0.12
• Consensus EPS: $0.12
• Beat/Miss: Met Expectations
• One Year Ago EPS: N/A

Manhattan Bridge Capital Revenue Results

• Actual Revenue: $2.31 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Manhattan Bridge Capital Announcement Details

• Date: 10/23/2024
• Time: TAS
• Conference Call Date: N/A
• Conference Call Time: N/A

Manhattan Bridge Capital (NASDAQ:LOAN). (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing. The company’s credit team conducts in-depth due diligence to assess collateral value and borrower creditworthiness, aiming to mitigate risk through first-lien security interests, conservative loan-to-value ratios and active portfolio monitoring. Through this disciplined underwriting process, Manhattan Bridge Capital seeks to generate stable income and capital preservation for its shareholders.

Founded in 2013, Manhattan Bridge Capital has built a track record of deploying capital into middle-market enterprises that may face limited access to traditional bank financing. The company is overseen by an experienced management team and board of directors with extensive backgrounds in credit investing, corporate finance and regulatory compliance. With a focus on transparent governance and risk management, Manhattan Bridge Capital continues to pursue targeted lending opportunities that align with its mandate as a BDC.