NEW YORK, Aug. 3, 2010 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq:LOAN) announced today that total revenue for the three month period ended June 30, 2010 was approximately $315,000 compared to approximately $250,000 for the three month period ended June 30, 2009 an increase of 26%. For the three month period ended June 30, 2010, $260,000 of the Company's revenue represented interest income on the short term secured commercial loans that the Company offers to small businesses compared to $204,000 for the same period in 2009, and $55,000 represents origination fees on such loans compared to $46,000 for the same period in 2009. The increase in revenue represents an increase in lending operations.
Manhattan Bridge Capital, Inc. Reports Second Quarter Results
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