Horizon Technology Finance Corporation
Horizon Technology Finance Corp (Form: 305B2, Received: 09/22/2017 15:14:47)

File no. 333-201886



securities and exchange commission

Washington, D.C. 20549





Statement of Eligibility Under

The Trust Indenture Act of 1939 of a

Corporation Designated to Act as Trustee

Check if an Application to Determine Eligibility of

a Trustee Pursuant to Section 305(b)(2) þ




(Exact name of Trustee as specified in its charter)



I.R.S. Employer Identification No.


800 Nicollet Mall

Minneapolis, Minnesota



(Address of principal executive offices) (Zip Code)


Julia Linian

U.S. Bank National Association

190 S. LaSalle Street, 7 th Floor

Chicago, IL 60603

(312) 332-7539

(Name, address and telephone number of agent for service)


Horizon Technology Finance Corporation

(Issuer with respect to the Securities)

Delaware 27-2114934
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)


312 Farmington Avenue

Farmington, CT



(Address of Principal Executive Offices) (Zip Code)


Debt Securities

(Title of the Indenture Securities)










Item 1. GENERAL INFORMATION . Furnish the following information as to the Trustee.


a) Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency

Washington, D.C.


b) Whether it is authorized to exercise corporate trust powers.



Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.



Items 3-15 Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.


Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.


1. A copy of the Articles of Association of the Trustee.*


2. A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.


3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.


4. A copy of the existing bylaws of the Trustee.**


5. A copy of each Indenture referred to in Item 4. Not applicable.


6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.


7. Report of Condition of the Trustee as of June 30, 2017 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.


* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.


** Incorporated by reference to Exhibit 25.1 to registration statement on form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.







Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION , a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, State of Illinois on the 22nd of September, 2017.


  By: /s/ Julia Linian
    Julia Linian
    Vice President








Exhibit 2




Exhibit 3





Exhibit 6





In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.



Dated: September 22, 2017





  By: /s/ Julia Linian
    Julia Linian
    Vice President






Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 6/30/2017




Cash and Balances Due From Depository Institutions   $ 28,930,463  
Securities     110,114,701  
Federal Funds     51,218  
Loans & Lease Financing Receivables     276,413,785  
Fixed Assets     4,477,993  
Intangible Assets     12,859,050  
Other Assets     24,062,996  
Total Assets   $ 456,910,206  
Deposits   $ 357,756,287  
Fed Funds     998,184  
Treasury Demand Notes     0  
Trading Liabilities     878,885  
Other Borrowed Money     33,876,373  
Acceptances     0  
Subordinated Notes and Debentures     3,800,000  
Other Liabilities     12,866,522  
Total Liabilities   $ 410,176,251  
Common and Preferred Stock     18,200  
Surplus     14,266,915  
Undivided Profits     31,649,555  
Minority Interest in Subsidiaries     799,285  
Total Equity Capital   $ 46,733,955  
Total Liabilities and Equity Capital   $ 456,910,206