GRANOFF DAN M
SC 13D, 1999-12-29
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                                  UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                 SCHEDULE 13D

                   Under the Securities Exchange Act of 1934


                         AMERITRANS CAPITAL CORPORATION
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                         COMMON STOCK, $.0001 PAR VALUE
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    287166102
- --------------------------------------------------------------------------------
                                 (CUSIP Number)


                             CRAIG H. EFFRAIN, ESQ.
                               STURSBERG & VEITH
            405 LEXINGTON AVENUE, SUITE 4949, NEW YORK, NY 10174-4902
                                 (212) 922-1177
- --------------------------------------------------------------------------------
                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)


                                    12/16/99
- --------------------------------------------------------------------------------
                      (Date of Event which Requires Filing
                               of this Statement)

If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of the Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].

Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.

*    The remainder of this cover page shall be filed out for a reporting
     person's initial filing on this form with respect to the subject class of
     securities, and for any subsequent amendment containing information which
     would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                        (Continued on following page(s))



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CUSIP No.                           13D

     287166102

- --------------------------------------------------------------------------------
   1   NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       DAN M. GRANOFF
       ###-##-####

- --------------------------------------------------------------------------------
   2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a)  [  ]
                                                             (b)  [  ]


- --------------------------------------------------------------------------------
   3   SEC USE ONLY


- --------------------------------------------------------------------------------
   4   SOURCE OF FUNDS*

       SC  THE SHARES WERE ACQUIRED AS PART OF A SHARE EXCHANGE ON A ONE-FOR-ONE
           BASIS WITH ELK ASSOCIATES FUNDING CORPORATION

- --------------------------------------------------------------------------------
   5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
       ITEMS 2(d) OR 2(e)                                         [  ]


- --------------------------------------------------------------------------------
   6   CITIZENSHIP OR PLACE OF ORGANIZATION

       U.S.A.

- --------------------------------------------------------------------------------
   NUMBER OF      7    SOLE VOTING POWER
     SHARES            145,979
  BENEFICIALLY    --------------------------------------------------------------
    OWNED BY      8    SHARED VOTING POWER
      EACH             -0-
   REPORTING      --------------------------------------------------------------
     PERSON       9    SOLE DISPOSITIVE POWER
      WITH             145,979
                  --------------------------------------------------------------
                  10   SHARED DISPOSITIVE POWER
                       -0-

- --------------------------------------------------------------------------------
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       145,979

- --------------------------------------------------------------------------------
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

                                                                      [   ]

- --------------------------------------------------------------------------------
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

       8.31%

- --------------------------------------------------------------------------------
  14   TYPE OF REPORTING PERSON*

       IN

- --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>


                                  Schedule 13D


Item 1.  Security and Issuer

     This statement relates to the Common Stock, $.0001 Par Value of Ameritrans
Capital Corporation, 747 Third Avenue, 4th Floor, New York, NY 10017.


Item 2.  Identity and Background

          (a)  Dan M. Granoff

          (b)  Children's Hospital
               Oakland Research Institute
               747 52nd Street
               Oakland, CA

          (c)  Physician/Corporate Executive

          (d)  None

          (e)  None

          (f)  USA

Item 3.  Source and Amount of Funds or Other Consideration

     The shares were acquired as part of a share exchange on a one-for-one
basis, with Elk Associates Funding Corporation.

Item 4.  Purpose of Transaction

     See Item 3

Item 5.  Interest in Securities of the Issuer

     See Items 7 through 13 of this Schedule 13D. To the knowledge of Dan
Granoff, the issuer has 1,745,600 shares of Common Stock, par value $.0001 per
share outstanding on the date hereof.


Item 6.  Contracts, Arrangements, Understandings or Relationships with
         Respect to Securities of the Issuer.

     None.


Item 7.  Material to be Filed as Exhibits

     None


<PAGE>

Signature


     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


Date:  December 29, 1999                     /s/  DAN M. GRANOFF
                                             -----------------------------------
                                             Signature

                                             DAN M. GRANOFF
                                             -----------------------------------
                                             Name/Title


Excludes 10,900 shares owned by a charitable foundation of which N. Henry
Granoff, his wife Jeanette Granoff, Gary C. Granoff and Dan M. Granoff are the
trustees. Includes 2,800 shares held in an IRA rollover account for the benefit
of Mr. Granoff.



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