8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                           --------------------------

                                    FORM 8-K

                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):           November 1, 2007

                    Hercules Technology Growth Capital, Inc.
             (Exact name of registrant as specified in its charter)

           Maryland                    814-00702              74-3113410
 (State or other jurisdiction    (Commission File No.)     (I.R.S. Employer
      of incorporation)                                   Identification No.)

      400 Hamilton Ave., Suite 310
            Palo Alto, CA                                             94301
- ------------------------------------                              ------------
(Name and Address of principal executive offices)                   (Zip Code)


       Registrant's telephone number, including area code: (650) 289-3060

                                 Not Applicable
                      ------------------------------------
             (Former name or address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[_]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[_]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[_]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))






Item 2.02 Results of Operations and Financial Condition

On November 1, 2007 Hercules Technology Growth Capital, Inc., issued a press
release announcing that it had declared a dividend.  The text of the press
release is included as an exhibit to this Form 8-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press release dated November 1, 2007

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.




                                     HERCULES TECHNOLOGY GROWTH CAPITAL, INC.


November 1, 2007
                                              /s/ Scott Harvey
                                              ----------------
                                              Scott Harvey
                                              Chief Legal Officer




                                  EXHIBIT INDEX


Exhibit No.   Description of Exhibits
- -----------   -----------------------
  99.1        Press Release dated November 1, 2007

EX-99.1

                                                                    Exhibit 99.1

             Hercules Technology Growth Capital Announces Its Ninth
                Consecutive Quarterly Dividend of $0.30 Per Share

  Dividend Represents $2.425 Per Share Distribution since Its IPO in June 2005

     PALO ALTO, Calif.--(BUSINESS WIRE)--Nov. 1, 2007--Hercules Technology
Growth Capital, Inc. (NASDAQ:HTGC), the premier specialty finance company
providing venture debt and equity to venture capital and private equity backed
technology and life science companies at all stages of development, today
announced that its Board of Directors has declared a third quarter dividend of
$0.30 per share. The dividend will be payable on December 17, 2007 to
shareholders of record as of November 16, 2007. The ex-dividend date is November
14, 2007. Specific tax characteristics of all dividends reported will be
reported to shareholders on Form 1099 after the 2007 year end.

     For the quarter ended September 30, 2007, the Company declared a
distribution of $0.30 per share. The determination of the tax attributes of the
Company's distributions is made annually as of the end of the Company's fiscal
year based upon its taxable income for the full year and distributions paid for
the full year; therefore, a determination made on a quarterly basis may not be
representative of the actual tax attributes of its distributions for a full
year. If the Company determined the tax attributes of its distributions
year-to-date as of September 30, 2007, 98% would be from ordinary income and 2%
would be a return of capital for stockholders; however, there can be no
certainty to shareholders that this determination is representative of what the
tax attributes of its 2007 distributions to shareholders will actually be. For
the fiscal year ended December 31, 2006, a portion of the distributions to the
Company's shareholders was deemed a return of capital.

     About Hercules Technology Growth Capital, Inc.:

     Hercules Technology Growth Capital, Inc. is a NASDAQ traded specialty
finance company providing debt and equity growth capital to technology and life
science companies at all stages of development. Founded in December 2003, the
company primarily finances privately held companies backed by leading venture
capital and private equity firms. Hercules invests in a broad range of ventures
active in technology and life science industries and offers a full suite of
growth capital products up and down the capital structure. The company is
headquartered in Palo Alto, Calif. and has additional offices in the Boston,
Boulder, Los Angeles and Chicago areas. Providing capital to publicly-traded or
privately-held companies backed by leading venture capital and private equity
firms involves a high degree of credit risk and may result in potential losses
of capital. For more information, please visit www.HTGC.com.

     Companies interested in learning more about financing opportunities should
contact info@HTGC.com, or call 650.289.3060.

     Forward-Looking Statements:

     The statements contained in this release that are not purely historical are
forward-looking statements. These forward-looking statements are not guarantees
of future performance and are subject to uncertainties and other factors that
could cause actual results to differ materially from those expressed in the
forward-looking statements including, without limitation, the risks,
uncertainties and other factors we identify from time to time in our filings
with the Securities and Exchange Commission. Although we believe that the
assumptions on which these forward-looking statements are reasonable, any of
those assumptions could prove to be inaccurate and, as a result, the
forward-looking statements based on those assumptions also could be incorrect.
You should not place undue reliance on these forward-looking statements. The
forward-looking statements contained in this release are made as of the date
hereof, and Hercules assumes no obligation to update the forward-looking
statements for subsequent events.


     CONTACT: Hercules Technology Growth Capital, Inc.
              Main, 650-289-3060
              info@htgc.com
              Sally Borg, 650-289-3066
              sborg@htgc.com