Manhattan Bridge Capital Secures Short-Term Credit Extension Amid Lender Departure
LOAN is trading near its 52-week low of $4.29 (3.0% above the low) on light trading volume (0.3× avg).
Summary
Manhattan Bridge Capital, Inc. amended its credit agreement, extending the term only until March 31, 2026, and increasing Webster Bank's commitment to $22.5 million while another lender departed.
Key Events · Financing and Capital Events · LOAN
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Credit Agreement Amended
The company entered into Amendment No. 9 to its Amended and Restated Credit and Security Agreement.
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Short-Term Extension Granted
The term of the credit agreement was extended for a very brief period, only until March 31, 2026.
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Lender Departs Syndicate
Mizrahi Tefahot Bank Ltd. ceased to be a lender under the agreement.
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Webster Bank Commitment Increased
Webster Bank's revolving credit note increased from $15 million to $22.5 million, with the total facility now at $32.5 million.
Analysis · LOAN · Real Estate & Construction
This filing reveals a critical, short-term financing development for Manhattan Bridge Capital. While the company secured an increase in its revolving credit note with Webster Bank to $22.5 million, bringing the total facility to $32.5 million, the overall credit agreement was extended for a very brief period, only until March 31, 2026. This extremely short extension, coupled with the departure of Mizrahi Tefahot Bank Ltd. as a lender, signals significant uncertainty regarding the company's long-term financing strategy and stability. For a company trading near its 52-week low, this short runway could raise concerns about its ability to secure more sustainable funding in the near future, potentially impacting investor confidence.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.7% of the 1075 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LOAN was trading at $4.42 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $50.7M. The 52-week trading range was $4.29 to $6.05. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.