Horizon Technology Finance Provides $5M Venture Loan Facility to Bridge2 Solutions

FARMINGTON, Conn. and ALPHARETTA, Ga., June 22, 2015 (GLOBE NEWSWIRE) -- Horizon Technology Finance Corporation

("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services and cleantech industries, announced today it has closed a $5 million venture loan facility to Bridge2 Solutions, Inc. ("Bridge2 Solutions"), a leading provider of marketing and fulfillment solutions for enterprise loyalty rewards programs. Bridge2 Solutions will use the proceeds for general working capital purposes. "We are delighted to add Bridge2 Solutions to our high quality technology loan portfolio," stated Gerald A. Michaud, President of Horizon. "Bridge2 Solutions' innovative cloud-based, platform-as-a-service software provides its clients with marketing solutions and support for their consumer loyalty rewards programs. In a growing market that contains high barriers to entry, our growth capital will further drive Bridge2 Solutions' business expansion plans." Craig McLaughlin, President and CEO of Bridge2 Solutions, stated, "Horizon's financial strength and team of venture lending experts were key differentiators in evaluating possible sources of funding. Horizon quickly closed on a flexible venture loan facility, which provides us with meaningful liquidity that enhances our financial position and future growth