HTG Molecular (HTG) borrowed $5.0 million in a term loan from Oxford Finance, as collateral agent and a lender, and Silicon Valley Bank as a lender under a previous agreement, according to a related 8-K filing.

HTG disclosed the term loan, which bears interest at a fixed rate of 8.75% and is to be repaid monthly over the course of 30 months beginning April 1. The firm will also pay a final fee of $237,500 on September 1, 2018.

The loan is the second part of an agreement signed in August 2014, providing for two separate term loans totaling $16 million. HTG borrowed $11 million immediately and is now taking out the remaining amount available under the agreement.