-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 sv++h8W3hH/rAws5sZdf8Q==

<SEC-DOCUMENT>0001169232-03-004041.txt : 20080626
<SEC-HEADER>0001169232-03-004041.hdr.sgml : 20080626
<ACCEPTANCE-DATETIME>20030528160050
ACCESSION NUMBER:		0001169232-03-004041
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030523
FILED AS OF DATE:		20030528
DATE AS OF CHANGE:		20080620

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERITRANS CAPITAL CORP
		CENTRAL INDEX KEY:			0001064015
		IRS NUMBER:				522102424
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0607

	BUSINESS ADDRESS:	
		STREET 1:		747 THIRD AVENUE
		STREET 2:		4TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2123552449

	MAIL ADDRESS:	
		STREET 1:		747 THIRD AVENUE
		STREET 2:		4TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GRANOFF GARY C
		CENTRAL INDEX KEY:			0000941883

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00193
		FILM NUMBER:		03721743

	BUSINESS ADDRESS:	
		STREET 1:		ELK ASSOCIATES FUNDING CORP
		STREET 2:		747 THIRD AVE, 4TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		800-214-1047

	MAIL ADDRESS:	
		STREET 1:		C/O ELK ASSOCIATES FUNDING CORP
		STREET 2:		747 THIRD AVE 4TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>d03-55956_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   04/22/03  TZ    -->
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-05-23</periodOfReport>
   <notSubjectToSection16>1</notSubjectToSection16>
    <issuer>
        <issuerCik>0001064015</issuerCik>
        <issuerName>AMERITRANS CAPITAL CORP</issuerName>
        <issuerTradingSymbol>AMTC</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
      <reportingOwnerId>
            <rptOwnerCik>0000941883</rptOwnerCik>
            <rptOwnerName>GRANOFF GARY C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>1</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>President</officerTitle>
       </reportingOwnerRelationship>
   </reportingOwner>
   <nonDerivativeSecurity>
      <securityTitle>
         <value>Common Stock Par value $.0001</value>
      </securityTitle>
      <transactionDate>
         <value>2003-05-23</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>600</value>
         </transactionShares>
         <transactionValue>
           <value>3.80</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
     <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>209280</value>
            <footnoteId id="F1"/>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <nonDerivativeSecurity>
      <securityTitle>
         <value>9 3/8% Participating Preferred Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-05-23</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>P</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>1000</value>
         </transactionShares>
         <transactionValue>
           <value>9.98</value>
         </transactionValue>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
     <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>5500</value>
            <footnoteId id="F2"/>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeSecurity>
   <footnotes>
<footnote id="F1"> Excludes 30,533 shares beneficially owned by Granoff's wife which he disclaims beneficial ownership. Granoff has indirect ownership of 104,745 shares and beneficially owns 33,300 immediately exercisable derivative securities as follows: (i) 16,900 shares owned by Granoff and others as trustees for Granoff Family Foundation; (ii) 261 shares held by GCG Associates Inc., a corp. controlled by Granoff; (iii) 77,584 shares owned by DAPARY Management Corp., a corp. controlled by Granoff'; (iv) 10,000 shares owned by J and H Associates Ltd Pts, whose general partner is GCG; (v) a option owned by Granoff exercisable into 30,000 shares; (vi) 1,800 Warrants owned by Granoff; (vii) 500 Warrants owned by DAPARY; and (viii) 1,000 Warrants owned by J and H.</footnote>

<footnote id="F2"> Excludes 1,000 shares of Preferred Stock beneficially owned by Granoff's wife which he disclaims beneficial ownership. Granoff has indirect ownership of 1,500 shares of PS: (i) 500 shares owned by DAPARY, and (ii) 1,000 shares owned by J and H.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Gary C. Granoff</signatureName>
      <signatureDate>2003-05-28</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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