Lorraine has made 28 appearances this season, scoring three times.
However, he has not netted since Town’s 4-1 defeat to promotion-chasing Halesowen Town in October.
He joins a Cambridge side currently 14th in the league table after a run of just three defeats in 10 matches in all competitions.
The Lilywhites are next in action at home to Boldmere St Michaels on Saturday.
Photo credit: Daventry Town
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