CT lender Horizon Tech’s 4Q net rises

Editor’s Note: A previous post incorrectly stated Horizon’s financial performance for the fourth quarter and full year of 2015.

Horizon Technology Finance Corp. posted higher income for the fourth quarter and full year of 2015.

For three months ended Dec. 31, Horizon netted $4.1 million, up from $3.2 milion a year earlier.

For the year, Horizon netted income of $14 million vs. $10.7 million in 2014.

Horizon specializes in secured loans to venture-capital backed corporate borrowers in the technology, life science, healthcare information and services, and cleantech industries.