Horizon Technology Finance Provides $7.5M Venture Loan to SilkRoad Technology

Horizon Technology Finance Corporation (Nasdaq: HRZN) ("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 $7.5 million venture loan to SilkRoad Technology, Inc. ("SilkRoad"), a global provider of cloud-based talent management solutions. SilkRoad will use the funds for working capital purposes."SilkRoad, a provider of innovative human resources management software, is an exciting addition to our diversified venture loan portfolio," stated Gerald A. Michaud, President of Horizon. "SilkRoad's product offerings assist companies with a variety of mission critical human resource needs. With our growth capital, SilkRoad has bolstered its liquidity to contribute to its encouraging growth outlook."John Shackleton, President and CEO of SilkRoad, stated, "We appreciate the support and financing solution provided by Horizon, an experienced direct originator of venture loans. With Horizon's attractive growth capital we are well positioned to add value for our current customers while marketing our best in class products to prospective organizations."