Horizon Technology Finance Corporation closed a $5 million venture loan facility to SavingStar, Inc., a money saving service that helps shoppers save on groceries and online purchases. SavingStar will use the proceeds for general working capital purposes.

"Supported by its unique platform, growing membership base and strong business partnerships, SavingStar is an attractive portfolio company for Horizon," stated Gerald A. Michaud, President of Horizon. "Our venture loan facility provides SavingStar with meaningful capital to drive its growth, as it continues to deliver cost savings to its members at grocery and drug stores and continues to develop more relationships with top tier consumer packaged goods companies."

David Rochon, Chief Executive Officer of SavingStar, stated, "Horizon's venture loan facility provides us with the financial flexibility to achieve our growth objectives. We are pleased to have Horizon's team of experts as a financing partner while we continue to build our business relationships and deliver significant cost savings to our loyal members."

Horizon Technology Finance Corporation is a leading specialty finance company that provides capital in the form of secured loans to companies backed by venture capital firms within the technology, life science, healthcare information and services and cleantech industries.