Ameritrans Capital Corporation (Ameritrans) is a closed-end investment company, which makes loans and investments. Through its wholly owned subsidiary, Elk Associates Funding Corporation (Elk), the Company make loans to finance the acquisition and operation of small businesses as permitted by the United States Small Business Administration (the SBA) regulations. Elk Capital Corporation (Elk Capital) is a wholly owned subsidiary of Ameritrans. Its business includes four categories: Corporate Loans, Commercial Loans, Life Insurance Settlements and Equity Investments. Ameritrans makes loans which have primarily been secured by real estate mortgages, senior corporate loans, life insurance settlements and equity investments. During the fiscal year ended June 30, 2011, Elk had one wholly owned subsidiary, EAF Holding Corporation.