Manhattan Bridge Capital, Inc. Establishes a $3.5 Million 6% Revolving Line of Credit

Manhattan Bridge Capital, Inc.

announced today that it had entered into a Line of Credit Agreement with Sterling National Bank pursuant to which the Bank has agreed to advance up to $3.5 million against assignments of mortgages and other collateral. Assaf Ran, Chairman of the Board and CEO stated, "This is a very important day for the Company. We achieved a milestone by arranging a relatively low cost source of funding which is essential for continued growth of the Company."