Recent Updates — LOAN

The Board of Directors approved an increase in the aggregate number of shares authorized for repurchase under the existing share buyback program from 100,000 common shares to 250,000 common shares. The company also extended the term of the program for an additional 12 months. Repurchases may be executed through open market transactions or privately negotiated deals. The authorization does not obligate the company to purchase any specific number of shares and can be terminated or modified at the Board's discretion. Manhattan Bridge Capital, Inc. operates as a business development company that provides debt financing to small and mid-sized businesses.