8-K

                       U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 8-K


             Current Report Pursuant to Section 13 or 15(d) of
                   the Securities Exchange Act of 1934


                               December 20, 2005
                               ------------
                               Date of Report
                        (Date of Earliest Event Reported)


                         AMERITRANS CAPITAL CORPORATION


             (Exact name of Registrant as specified in its charter)


            Delaware                   333-63951             52-2102424
 -------------------------------      -----------         ----------------
 (State or other jurisdiction of      (Commission         (I.R.S. Employee
 incorporation or organization)        File No.)            I.D. Number)

            747 Third Avenue, 4th Floor
                New York, New York                         10017
      ---------------------------------------           ----------
      (Address of principal executive offices           (Zip Code)

                                 (800) 214-1047
                            ------------------------
              (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):


[ ]   Written communications pursuant to Rule 425 under the
      Securities Act (17 CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under
      the Exchange Act(17CFR240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b)
      under the Exchange Act(17CFR240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c)
      under the Exchange Act(17CFR240.13e-4(c))


- --------------------------------------------------------------------------------


Items to be Included in this Report



Item 2.02.    Results of Operations and Financial Condition

Ameritrans Capital Corporation (the "Company") issued a press release to
the news media announcing  the Company's declaration of
a dividend for its preferred stock
for the second quarter of 2006.

The information furnished is not deemed "filed" for
 purposes of Section 18 of the Securities Exchange Act
 of 1934, as amended, is not subject to the
liabilities of that section and is not deemed
 incorporated by reference in any
filing under the Securities Act of 1933, as amended.









                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly authorized and caused the undersigned to sign this
Report on the Registrant's behalf.

                                           AMERITRANS CAPITAL CORPORATION


                                           By: /s/ GARY C. GRANOFF
                                              ----------------------------------
                                                Name:  Gary C. Granoff
                                                Title: President,
                                                Chief Executive Officer,
                                                Chief Financial Officer

Dated: December 20, 2005


Exhibit Index


Exhibit
Number                   Description
- -------                  -----------
99                     Press Release dated December 20, 2005

EX-99

FROM:

Ameritrans Capital Corporation
For More Information Contact:
Gary Granoff
1-(800)-214-1047


FOR IMMEDIATE RELEASE

           AMERITRANS CAPITAL CORPORATION DECLARES QUARTERLY DIVIDEND

                           ON 9 3/8 % PREFERRED STOCK



New  York,  NY,  December  20, 2005-The board of directors of Ameritrans Capital

Corporation (NASDAQ: AMTC, AMTCP)  has declared a dividend of $0.28125 per share

on its 93/8% cumulative participating  redeemable Preferred Stock for the period

October 1, 2005 through December 31, 2005.   The  dividend is payable on January

16, 2006 to shareholders of record as of December 30,  2005.   The  dividend  is

being declared from estimated earnings for the period ending December 31, 2005.



Ameritrans Capital Corporation is a specialty finance company engaged in making

loans to, and investments in, small businesses.  Ameritrans' wholly-owned

subsidiary, Elk Associates Funding Corporation, has been licensed by the United

Stated Small Business Administration (the "SBA") as a Small Business Investment

Company since 1980.  The company maintains its offices at 747 Third Avenue, 4th

Floor, New York, NY, 10017.

                                     # # #

This announcement contains certain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995.  Such statements are
subject to certain risks and uncertainties that could cause actual results to
differ materially from those presently anticipated or projected.  Ameritrans
Capital Corporation cautions investors not to place undue reliance on forward-
looking statements, which speak only as to management's expectations on this
date.