NEW YORK, March 16, 2011 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq:LOAN) announced today that total revenues for the year ended December 31, 2010 were approximately $1,210,000 compared to approximately $1,039,000 for the year ended December 31, 2009, an increase of $171,000 or 16.4%. The increase in revenue represents an increase in lending operations. For the year ended December 31, 2010, $994,000 of our revenue represents interest income on the short term secured commercial loans that we offer to small businesses compared to $840,000 in 2009 and $216,000 represents origination fees on such loans compared to $199,000 in 2009.
Manhattan Bridge Capital, Inc. Reports Fiscal Year 2010 Further Increase In Revenue And Earnings
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