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Square 1 Bank and Farmington-based Horizon Technology Make $7M Venture Loan to Mitralign

Horizon Technology Finance Corp., a Farmington-based specialty finance company, announced it and Square 1 Bank together have provided a $7 million venture loan facility to Mitralign, a Tewksbury-based cardiac device company specializing in percutaneous mitral valve repair. Under the terms of the venture loan facility, Horizon provided a commitment of up to $4 million to Mitralign and Square 1 Bank provided a commitment of up to $3 million. The funds provided under the venture loan facility will be used to support Mitralign's continued product development, according to the company.

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