Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) Announces Amendment to Credit Facility and New Revolving Credit Note

Date of Report: February 24, 2026
Date Filed: February 25, 2026

Key Highlights

• Material Definitive Agreement Signed: Manhattan Bridge Capital, Inc. entered into an amended credit and security agreement, further securing its capital base and potentially enhancing its lending capacity.
• Issuance of a \$22.5 Million Revolving Credit Note: The company issued a Second Amended and Restated Revolving Credit Note, dated February 24, 2026, in favor of Webster Bank, National Association, with a total commitment of \$22.5 million.
• Amendment No. 9 to Credit Agreement: This amendment updates and restates the credit and security agreement, which may impact the company’s borrowing terms, interest rates, or covenants.
• Change in Lending Syndicate: Mizrahi Tefahot Bank Ltd. is listed as a departing lender, with Flushing Bank and Webster Bank, National Association, as continuing lenders. The revolving commitment is now concentrated, with Webster Bank holding 69.23% (\$22.5 million) of the commitment.
• No Change in Trading or Share Class: The company remains listed on NASDAQ under the trading symbol “LOAN,” and its common shares have a par value of \$0.001 per share.
• No Indication of Emerging Growth Status: The company is not an emerging growth company, as defined by SEC rules.

Detailed Analysis and Shareholder Implications

1. New Credit Facility Details and Financial Flexibility

The Second Amended and Restated Revolving Credit Note increases Manhattan Bridge Capital’s available borrowing capacity to \$22.5 million. This enhanced credit facility strengthens the company’s liquidity position and could allow for increased origination of short-term, high-yield loans—a core business activity for the company. The new note is in favor of Webster Bank, which now assumes a leading position in the company’s banking syndicate.

• Potential Impact: Improved access to capital may allow the company to scale its lending book, potentially increasing revenue and net interest income.
• Shareholder Relevance: If the company can deploy this capital efficiently into profitable loans, shareholders could benefit from higher earnings and possible dividend increases, given the company’s history of paying dividends.

2. Amendment No. 9 to Credit and Security Agreement

The amendment revises various terms within the existing credit and security agreement. While the full text of the amendment is not included in the summary, such amendments typically address interest rates, covenants, or operational flexibility. Notably, the amendment re-defines Section 14.1, possibly relating to notices, events of default, or lender communications.

• Potential Impact: Any relaxation in covenants or reduction in borrowing costs could improve profitability and operational flexibility. Conversely, stricter terms could limit leverage or increase costs.
• Shareholder Relevance: Investors should monitor subsequent filings for detailed financial impacts. The company’s ongoing ability to amend and extend its credit agreements signals lender confidence and financial stability, which is typically positive for share value.

3. Departing and Incoming Lenders

Mizrahi Tefahot Bank Ltd. is identified as a “Departing Lender,” while Flushing Bank remains as a lender. The syndicate reallocation shifts the revolving credit exposure heavily toward Webster Bank (69.23% of the total facility).

• Potential Impact: The departure of a lender can sometimes indicate shifting risk appetites, but the increased participation by Webster Bank suggests continued support from the banking sector.
• Shareholder Relevance: A concentrated lender base can be both a risk (in case of any single-lender issues) and a vote of confidence (if the lender is reputable and supportive).

4. No Immediate Changes to Capital Structure or Listing

The company confirms that its common shares (par value \$0.001) remain outstanding and listed on NASDAQ under the symbol “LOAN.” There are no changes to share classes, and the company is not classified as an emerging growth company.

• Shareholder Relevance: No dilution or changes to capital structure are noted, which is positive for existing shareholders.

Other Regulatory Disclosures

• The report affirms that the company is not using the 8-K filing for written communications, soliciting material, or pre-commencement tender offers under the Exchange Act rules. No regulatory actions or extraordinary events are disclosed beyond the credit facility updates.

Conclusion

Potential Share Price Implications: The increase in credit facility and continued support from leading banks could be viewed positively by investors, as it provides Manhattan Bridge Capital, Inc. with greater capacity for growth and signals lender confidence. However, investors should await further disclosures on the terms of the amendment and monitor for any subsequent actions by the company to deploy this capital.

There are no indications of share issuance, restructuring, or regulatory actions that would negatively impact shareholders at this time.

Disclaimer: This article is a summary and interpretation of Manhattan Bridge Capital, Inc.’s SEC Form 8-K and related exhibits, intended for informational purposes only. It does not constitute investment advice. Investors should refer to the original filings and consult with financial professionals before making investment decisions. The information is current as of the filing date and may be subject to change.

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