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 19, 2006

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 2007.

Press release, dated December 19, 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: Chief Executive Officer, Chief Financial Officer

Dated: December 19, 2006

Exhibit Index

Exhibit

Number                   Description

99.1                 Press Release dated December 19, 2006

EX-99

From:

Ameritrans Capital Corporation

For More Information Contact:

Gary C. Granoff

1-(800)-214-1047

For Immediate Release

Ameritrans Capital Corporation Declares Quarterly Dividend

On 9^3/8 % Preferred Stock

New York, NY, December 19, 2006—The board of directors of Ameritrans Capital Corporation (NASDAQ: AMTC, AMTCP, AMTCW) has declared a dividend of $0.28125 per share on its 9^3/8% Cumulative Participating Redeemable Preferred Stock for the period October 1, 2006 through December 31, 2006.  The dividend is payable on or about January 15, 2007 to shareholders of record as of December 29, 2006.  The dividend is being declared from estimated earnings for the period ending December 31, 2006.

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 States Small Business Administration as a Small Business Investment Company since 1980.  The Company maintains its offices at 747 Third Avenue, 4^th 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.