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Horizon Technology Finance Provides $5MM Venture Loan to eBureau

April 07, 2015, 07:34 AM
Filed Under: Technology

Horizon Technology Finance Corporation has closed a $5 million venture loan facility to eBureau, LLC, an industry leading provider of predictive analytics and information solutions. eBureau will use the proceeds for working capital purposes.

"We are excited to add eBureau, with its advanced technological capabilities and big data resources, to our portfolio of venture loan companies," stated Gerald A. Michaud, President of Horizon. "eBureau continues to experience solid demand from its diverse customer base across various industries and our venture loan will provide it with the needed capital to execute on its business plan and achieve long term growth."

Gordon Meyer, President and Chief Executive Officer of eBureau, stated, "The venture lending experts at Horizon created a flexible financing solution that greatly strengthens our future growth prospects. We value Horizon's financial support and remain committed to helping businesses acquire customers, manage risks and maintain customer relationships with our big data and predictive analytics platform."

Horizon Technology Finance Corporation is 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.

eBureau provides a powerful suite of predictive analytics and real-time information solutions to help companies acquire customers, manage risks and maintain customer relationships.

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