8-K

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): March 26, 2014

Hercules Technology Growth Capital, Inc.

(Exact name of registrant as specified in its charter)

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

400 Hamilton Ave., Suite 310 Palo Alto, CA	94301
(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 8.01 Other Events.

In accordance with that certain Sale and Servicing Agreement, dated as of December 19, 2012, among Hercules Technology Growth Capital, Inc. (the “Company”), Hercules Capital Funding Trust 2012-1, Hercules Capital Funding 2012-1 LLC and U.S. Bank National Association (the “Sale and Servicing Agreement”), attached as Exhibits 99.1 and 99.2, respectively, are the Monthly Reports (as defined in the Sale and Servicing Agreement) and Abbreviated Quarterly Reports (as defined in the Sale and Servicing Agreement) prepared by the Company during the 12-month period ended December 31, 2013.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1	Monthly Reports with respect to each collection period during the 12-month period ended December 31, 2013
99.2	Abbreviated Quarterly Reports with respect to each calendar quarter during the 12-month period ended December 31, 2013

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.
March 26, 2014
	By:	/s/ Jessica Baron
		Jessica Baron
		Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description of Exhibits
99.1	Monthly Reports with respect to each collection period during the 12-month period ended December 31, 2013
99.2	Abbreviated Quarterly Reports with respect to each calendar quarter during the 12-month period ended December 31, 2013

EX-99.1

Exhibit 99.1

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending January 4, 2013

Hercules Capital Funding Trust 2012-1	Page 1 of 8
Monthly Servicing Report for the Collection Period Ending January 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period		December 19, 2012
Last Day of Collection Period		January 4, 2013
Payment Date		January 16, 2013
Available Funds
On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):
Obligor payments
Interest Received	$	2,084,457
Principal Received	$	5,740,768
Other Obligor Payments
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	7,825,224
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	7,825,224

Hercules Capital Funding Trust 2012-1	Page 2 of 8
Monthly Servicing Report for the Collection Period Ending January 4, 2013

Waterfall Calculations

Interest Collections				$	2,084,457
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee—Annual Administrative Fee	$	2,083
US Bank Back Up Servicer—Annual Administrative Fee	$	2,848
US Bank Custodian—Monthly Fees
US Bank Lockbox Fees
Wilmington Trust—Owner Trustee Fees
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees				$	4,931
The “Servicing Fee” is equal to 2% of the aggregate principal balance of the Loans as of the beginning of the Collection Period for such Payment Date times one-twelfth (or, in the case of the first Payment Date, a fraction equal to the number of days from and including the Cutoff Date through and including [date] over 360)
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	—
First day of collection period	December 19, 2012
Balance of loans as of beginning of Collection Period	$	230,681,409
Applicable Servicing Fee %					2.00	%
Number of Days to calculate					0.12
Total Servicing Fee				$	538,257
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the Notes
Outstanding Balance of Notes After Last Payment Date	$	129,300,000
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	321,957.00
Interest unpaid and due from prior payment date				$	—
Plus interest on interest unpaid and due from prior payment date				$	—
Total Accrued Interest Due				$	321,957
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	129,300,000
Target Principal Amortization	$	5,781,416
Principal Payments Received from Principal Collections	$	(5,740,768	)
Principal Payments Received from Interest Collections				$	40,648
Note Balance after Principal Payment	$	123,518,584
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	1,178,664
Principal Collections				$	5,740,768
(1 ) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	5,740,768
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	—
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	—

Hercules Capital Funding Trust 2012-1	Page 3 of 8
Monthly Servicing Report for the Collection Period Ending January 4, 2013

Borrowing Base and Required Note Payments

As of: January 4, 2013

First Day of Collection Period	December 19, 2012
Last Day of Collection Period	January 4, 2013
Payment Date	January 16, 2013

Borrowing Base
Adjusted Pool Balance
Pool Balance	$	224,940,814
Total Excess Concentration Amount	$	(25,717,291	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance	$	199,223,522
Advance Rate		62.0	%
	$	123,518,584
Borrowing Base
Beginning Outstanding Note Balance	$	129,300,000
Rapid Amortization	$	—
Required Payment on Notes	$	5,781,416

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

Reporting Date	Obligor Name	Modification Date	Loan Balance	Total Restructured Amt in last 6 months
N/A

Delinquent Loan
	Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

Defaulted Loan

Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, du under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

Date	Ending Outstanding Note Balances	Borrowing Base	Balance > Borrowing Base
N/A

Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligors Count	Count > 10
N/A

An Event of Default

N/A

Hercules Capital Funding Trust 2012-1	Page 4 of 8
Monthly Servicing Report for the Collection Period Ending January 4, 2013

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending Collection Period Date	Beginning Pool Balance		Ending Pool Balance		Payment Date		Beginning Balance		Principal Payment		Ending Balance		Note Factor		Note Interest Paid		Cumulative Interest Paid
January 4, 2013	$	230,681,409	$	224,940,814		January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957

General Reserve Account

Payment Date

Beginning Balance

Plus: Required Deposits

Plus: Interest

Less: Excess over General Reserve Account Required Balance

Less: Withdrawal for Insufficient Funds for Required Payments

Less: Withdrawal due to Event of Default

Ending Balance

Reserve Balance as a % of the Outstanding Principal Balance of the Notes

January 16, 2013

$

—

$

—

$

—

$

—

$

—

$

—

$

—

$

—

Hercules Capital Funding Trust 2012-1	Page 5 of 8
Monthly Servicing Report for the Collection Period Ending January 4, 2013

Pool Balance (by Obligor) Concentration

Obligor Count 24

Loan Status	Loan Balance		% of Loan Balance
Current	$	224,940,814		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	224,940,814		100	%

Concentration Limits percentage of Loan Balance					5	%		23	%		44	%
Concentration Limits in Dollars				$	11,247,041		$	51,736,387		$	98,973,958
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #14				$	(3,752,959	)
OBLIGOR #16				$	(3,752,959	)
OBLIGOR #8				$	(3,752,959	)
OBLIGOR #18				$	(2,502,093	)
OBLIGOR #5				$	(1,308,604	)	$	(19,568,391	)
OBLIGOR #25				$	(1,267,721	)
OBLIGOR #4
OBLIGOR #6
OBLIGOR #13
OBLIGOR #17										$	(25,717,291	)
Total				$	(16,337,296	)	$	(19,568,391	)	$	(25,717,291	)
Total Excess Concentration Amount	$	(25,717,291	)
Adjusted Pool Balance	$	199,223,522

Hercules Capital Funding Trust 2012-1	Page 6 of 8
Monthly Servicing Report for the Collection Period Ending January 4, 2013

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	224,940,814	$	2,084,457	$	—	$	7,825,052

Note Balance—Class A Notes
Payment Date	Beginning Principal		Principal Paydown		Ending Balance		Note Factor
December 19, 2012	$	129,300,000			$	129,300,000		1.000000
January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1	Page 7 of 8
Monthly Servicing Report for the Collection Period Ending January 4, 2013

Pool Balance—End of Period

OBLIGOR NAME	Dec-12		Jan-13
OBLIGOR #1	$	8,172,429	$	7,861,069
OBLIGOR #2	$	5,052,335	$	4,572,047
OBLIGOR #3	$	9,230,769	$	8,846,154
OBLIGOR #4	$	11,292,550	$	10,871,709
OBLIGOR #5	$	12,555,645	$	12,555,645
OBLIGOR #6	$	10,000,000	$	10,000,000
OBLIGOR #7	$	10,000,000	$	10,000,000
OBLIGOR #8	$	15,000,000	$	15,000,000
OBLIGOR #9	$	3,822,324	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000
OBLIGOR #11	$	3,758,211	$	3,563,606
OBLIGOR #12	$	8,000,000	$	8,000,000
OBLIGOR #13	$	10,000,000	$	10,000,000
OBLIGOR #14	$	15,000,000	$	15,000,000
OBLIGOR #15	$	5,000,000	$	5,000,000
OBLIGOR #16	$	15,000,000	$	15,000,000
OBLIGOR #17	$	10,000,000	$	10,000,000
OBLIGOR #18	$	13,749,133	$	13,749,133
OBLIGOR #19	$	10,000,000	$	10,000,000
OBLIGOR #20	$	7,250,000	$	7,250,000
OBLIGOR #21	$	5,000,000	$	5,000,000
OBLIGOR #21	$	5,000,000	$	5,000,000
OBLIGOR #22	$	6,000,000	$	6,000,000
OBLIGOR #23	$	10,000,000	$	10,000,000
OBLIGOR #24	$	8,283,251	$	8,156,689
OBLIGOR #25	$	8,000,000	$	8,000,000
OBLIGOR #25	$	4,514,762	$	4,514,762
TOTAL	$	230,681,409	$	224,940,814

Hercules Capital Funding Trust 2012-1	Page 8 of 8
Monthly Servicing Report for the Collection Period Ending January 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending February 4, 2013

Hercules Capital Funding Trust 2012-1	Page 1 of 8
Monthly Servicing Report for the Collection Period Ending February 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period		January 5, 2013
Last Day of Collection Period		February 4, 2013
Payment Date		February 19, 2013
Available Funds
On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):
Obligor payments
Interest Received	$	1,981,727
Principal Received	$	2,356,596
Other Obligor Payments
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	4,338,323
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	4,338,323

Hercules Capital Funding Trust 2012-1	Page 2 of 8
Monthly Servicing Report for the Collection Period Ending February 4, 2013

Waterfall Calculations

Interest Collections				$	1,981,727
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee—Annual Administrative Fee	$	2,083
US Bank Back Up Servicer—Annual Administrative Fee	$	2,797
US Bank Custodian—Monthly Fees	$	2,354
US Bank Lockbox Fees
Wilmington Trust—Owner Trustee Fees
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees				$	7,234
The “Servicing Fee” is equal to 2% of the aggregate principal balance of the Loans as of the beginning of the Collection Period for such Payment Date times one-twelfth (or, in the case of the first Payment Date, a fraction equal to the number of days from and including the Cutoff Date through and including [date] over 360)
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	15,600
First day of collection period		January 5, 2013
Balance of loans as of beginning of Collection Period	$	224,940,814
Applicable Servicing Fee %		2.00	%
Number of Days to calculate		0.08
Total Servicing Fee				$	374,901
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the Notes
Outstanding Balance of Notes After Last Payment Date	$	123,518,584
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	375,908.22
Interest unpaid and due from prior payment date	$	—
Plus interest on interest unpaid and due from prior payment date	$	—
Total Accrued Interest Due				$	375,908
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	123,518,584
Target Principal Amortization	$	1,576,420
Principal Payments Received from Principal Collections	$	(1,576,420	)
Principal Payments Received from Interest Collections				$	—
Note Balance after Principal Payment	$	121,942,164
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	1,208,083
Principal Collections				$	2,356,596
(1 ) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	1,576,420
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	390,088
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	390,088

Hercules Capital Funding Trust 2012-1	Page 3 of 8
Monthly Servicing Report for the Collection Period Ending February 4, 2013

Borrowing Base and Required Note Payments

As of: February 4, 2013

First Day of Collection Period		January 5, 2013
Last Day of Collection Period		February 4, 2013
Payment Date		February 19, 2013
Borrowing Base
Adjusted Pool Balance
Pool Balance	$	222,584,218
Total Excess Concentration Amount	$	(25,903,308	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance	$	196,680,910
Advance Rate		62.0	%
	$	121,942,164
Borrowing Base
Beginning Outstanding Note Balance	$	123,518,584
Rapid Amortization	$	—
Required Payment on Notes	$	1,576,420

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

Reporting Date	Obligor Name	Modification Date	Loan Balance	Total Restructured Amt in last 6 months
N/A

Delinquent Loan
	Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

Defaulted Loan

Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, due under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

Date	Ending Outstanding Note Balances	Borrowing Base	Balance > Borrowing Base
N/A

Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligor Count	Count > 10
N/A

An Event of Default

N/A

Hercules Capital Funding Trust 2012-1	Page 4 of 8
Monthly Servicing Report for the Collection Period Ending February 4, 2013

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending Collection Period Date	Beginning Pool Balance		Ending Pool Balance		Payment Date		Beginning Balance		Principal Payment		Ending Balance		Note Factor		Note Interest Paid		Cumulative Interest Paid
January 4, 2013	$	230,681,409	$	224,940,814		January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957
February 4, 2013	$	224,940,814	$	222,584,218		February 19, 2013		123,518,584		1,576,420		121,942,164		0.9872		375,908		375,908

General Reserve Account
Payment Date	Beginning Balance		Plus: Required Deposits		Plus: Interest		Less: Excess over General Reserve Account Required Balance		Less: Withdrawal for Insufficient Funds for Required Payments		Less: Withdrawal due to Event of Default		Ending Balance		Reserve Balance as a % of the Outstanding Principal Balance of the Notes
January 16, 2013	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
February 19, 2013	$	—	$	390,088.00	$	—	$	—	$	—	$	—	$	390,088.00	$	0.00

Hercules Capital Funding Trust 2012-1	Page 5 of 8
Monthly Servicing Report for the Collection Period Ending February 4, 2013

Pool Balance (by Obligor) Concentration

Obligor Count 24

Loan Status	Loan Balance		% of Loan Balance
Current	$	222,584,218		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	222,584,218		100	%

Concentration Limits percentage of Loan Balance					5%			23%			44%
Concentration Limits in Dollars				$	11,129,211		$	51,194,370		$	97,937,056
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #14				$	(3,870,789	)
OBLIGOR #16				$	(3,444,567	)
OBLIGOR #8				$	(3,870,789	)
OBLIGOR #18				$	(2,619,922	)
OBLIGOR #5				$	(1,426,434	)	$	(19,684,186	)
OBLIGOR #25				$	(1,385,551	)
OBLIGOR #4
OBLIGOR #6
OBLIGOR #13
OBLIGOR #17										$	(25,903,308	)
Total				$	(16,618,053	)	$	(19,684,186	)	$	(25,903,308	)
Total Excess Concentration Amount	$	(25,903,308	)
Adjusted Pool Balance	$	196,680,910

Hercules Capital Funding Trust 2012-1	Page 6 of 8
Monthly Servicing Report for the Collection Period Ending February 4, 2013

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	224,940,814	$	2,084,457	$	—	$	7,825,052
February 4, 2013	$	224,940,814	$	2,356,596	$	222,584,218	$	1,981,727	$	—	$	4,338,323

Note Balance—Class A Notes
Payment Date	Beginning Principal		Principal Paydown		Ending Balance		Note Factor
December 19, 2012	$	129,300,000			$	129,300,000		1.000000
January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287
February 19, 2016	$	123,518,584	$	1,576,420	$	121,942,164		0.943095

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1	Page 7 of 8
Monthly Servicing Report for the Collection Period Ending February 4, 2013

Pool Balance - End of Period

OBLIGOR NAME	Dec-12		Jan-13		Feb-13
OBLIGOR #1	$	8,172,429	$	7,861,069	$	7,547,429
OBLIGOR #2	$	5,052,335	$	4,572,047	$	4,087,313
OBLIGOR #3	$	9,230,769	$	8,846,154	$	8,461,538
OBLIGOR #4	$	11,292,550	$	10,871,709	$	10,447,046
OBLIGOR #5	$	12,555,645	$	12,555,645	$	12,555,645
OBLIGOR #6	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #7	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #8	$	15,000,000	$	15,000,000	$	15,000,000
OBLIGOR #9	$	3,822,324	$	—	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000	$	1,000,000
OBLIGOR #11	$	3,758,211	$	3,563,606	$	3,367,447
OBLIGOR #12	$	8,000,000	$	8,000,000	$	8,000,000
OBLIGOR #13	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #14	$	15,000,000	$	15,000,000	$	15,000,000
OBLIGOR #15	$	5,000,000	$	5,000,000	$	5,000,000
OBLIGOR #16	$	15,000,000	$	15,000,000	$	14,573,778
OBLIGOR #17	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #18	$	13,749,133	$	13,749,133	$	13,749,133
OBLIGOR #19	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #20	$	7,250,000	$	7,250,000	$	7,250,000
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000
OBLIGOR #22	$	6,000,000	$	6,000,000	$	6,000,000
OBLIGOR #23	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #24	$	8,283,251	$	8,156,689	$	8,030,126
OBLIGOR #25	$	8,000,000	$	8,000,000	$	8,000,000
OBLIGOR #25	$	4,514,762	$	4,514,762	$	4,514,762
TOTAL	$	230,681,409	$	224,940,814	$	222,584,218

Hercules Capital Funding Trust 2012-1	Page 8 of 8
Monthly Servicing Report for the Collection Period Ending February 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending March 4, 2013

Hercules Capital Funding Trust 2012-1	Page 1 of 8
Monthly Servicing Report for the Collection Period Ending March 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period		February 5, 2013
Last Day of Collection Period		March 4, 2013
Payment Date		March 18, 2013
Available Funds
On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):
Obligor payments
Interest Received	$	1,770,085
Principal Received	$	2,730,927
Other Obligor Payments
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	4,501,012
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense
Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	4,501,012

Hercules Capital Funding Trust 2012-1	Page 2 of 8
Monthly Servicing Report for the Collection Period Ending March 4, 2013

Waterfall Calculations

Interest Collections				$	1,770,085
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee—Annual Administrative Fee	$	2,083
US Bank Back Up Servicer—Annual Administrative Fee	$	2,765
US Bank Custodian—Monthly Fees	$	150
US Bank Lockbox Fees
Wilmington Trust—Owner Trustee Fees
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees				$	4,999
The “Servicing Fee” is equal to 2% of the aggregate principal balance of the Loans as of the beginning of the Collection Period for such Payment Date times one-twelfth (or, in the case of the first Payment Date, a fraction equal to the number of days from and including the Cutoff Date through and including [date] over 360)
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	(14,575	)
First day of collection period		February 5, 2013
Balance of loans as of beginning of Collection Period	$	222,584,218
Applicable Servicing Fee %		2.00	%
Number of Days to calculate		0.08
Total Servicing Fee				$	370,974
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the
Notes
Outstanding Balance of Notes After Last Payment Date	$	121,942,164
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	337,373
Interest unpaid and due from prior payment date	$	—
Plus interest on interest unpaid and due from prior payment date	$	—
Total Accrued Interest Due				$	337,373
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	121,942,164
Target Principal Amortization	$	1,890,769
Principal Payments Received from Principal Collections	$	(1,890,769	)
Principal Payments Received from Interest Collections				$	—
Note Balance after Principal Payment				$	120,051,395
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	1,071,315
Principal Collections				$	2,730,927
(1) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	1,890,769
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	420,079
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	420,079

Hercules Capital Funding Trust 2012-1	Page 3 of 8
Monthly Servicing Report for the Collection Period Ending March 4, 2013

Borrowing Base and Required Note Payments

As of: March 4, 2013

First Day of Collection Period	February 5, 2013
Last Day of Collection Period	March 4, 2013
Payment Date	March 18, 2013

Borrowing Base
Adjusted Pool Balance
Pool Balance	$	219,853,292
Total Excess Concentration Amount	$	(26,222,010	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance		—
Advance Rate	$	193,631,282		$	—
		62.0	%
Borrowing Base	$	120,051,395
Beginning Outstanding Note Balance	$	121,942,164
Rapid Amortization	$	—
Required Payment on Notes	$	1,890,769

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

Reporting Date	Obligor Name	Modification Date	Loan Balance	Total Restructured Amt in last 6 months
N/A

Delinquent Loan
	Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

Defaulted Loan

Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, due under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

Date	Ending Outstanding Note Balances	Borrowing Base	Balance > Borrowing Base
N/A

Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligor Count	Count > 10
N/A

An Event of Default

N/A

Hercules Capital Funding Trust 2012-1	Page 4 of 8
Monthly Servicing Report for the Collection Period Ending March 4, 2013

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending Collection Period Date	Beginning Pool Balance		Ending Pool Balance		Payment Date		Beginning Balance		Principal Payment		Ending Balance		Note Factor		Note Interest Paid		Cumulative Interest Paid
January 4, 2013	$	230,681,409	$	224,940,814		January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957
February 4, 2013	$	224,940,814	$	222,584,218		February 19, 2013		123,518,584		1,576,420		121,942,164		0.9872		375,908		375,908
March 4, 2013	$	222,584,218	$	219,853,292		March 18, 2013		121,942,164		1,890,769		120,051,395		0.9845		337,373		337,373

General Reserve Account
Payment Date	Beginning Balance		Plus: Required Deposits		Plus: Interest		Less: Excess over General Reserve Account Required Balance		Less: Withdrawal for Insufficient Funds for Required Payments		Less: Withdrawal due to Event of Default		Ending Balance		Reserve Balance as a % of the Outstanding Principal Balance of the Notes
January 16, 2013	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
February 19, 2013	$	—	$	390,088	$	—	$	—	$	—	$	—	$	390,088	$	0
March 18, 2013	$	390,088	$	420,079	$	—	$	—	$	—	$	—	$	810,167	$	0

Hercules Capital Funding Trust 2012-1	Page 5 of 8
Monthly Servicing Report for the Collection Period Ending March 4, 2013

Pool Balance (by Obligor) Concentration

Obligor Count 24

Loan Status	Loan Balance		% of Loan Balance
Current	$	219,853,292		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	219,853,292		100	%

Concentration Limits percentage of Loan Balance					5	%		23	%		44	%
Concentration Limits in Dollars				$	10,992,665		$	50,566,257		$	96,735,448
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #14				$	(4,007,335	)
OBLIGOR #16				$	(3,135,914	)
OBLIGOR #8				$	(4,007,335	)
OBLIGOR #18				$	(2,756,469	)
OBLIGOR #5				$	(1,562,980	)	$	(19,867,100	)
OBLIGOR #25				$	(1,522,097	)
OBLIGOR #4
OBLIGOR #6
OBLIGOR #13
OBLIGOR #17										$	(26,222,010	)
Total				$	(16,992,131	)	$	(19,867,100	)	$	(26,222,010	)
Total Excess Concentration Amount	$	(26,222,010	)
Adjusted Pool Balance	$	193,631,282

Hercules Capital Funding Trust 2012-1	Page 6 of 8
Monthly Servicing Report for the Collection Period Ending March 4, 2013

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	224,940,814	$	2,084,457	$	—	$	7,825,052
February 4, 2013	$	224,940,814	$	2,356,596	$	222,584,218	$	1,981,727	$	—	$	4,338,323
March 4, 2013	$	222,584,218	$	2,730,927	$	219,853,292	$	1,770,085	$	—	$	4,501,012

Note Balance—Class A Notes
Payment Date	Beginning Principal		Principal Paydown		Ending Balance		Note Factor
December 19, 2012	$	129,300,000			$	129,300,000		1.000000
January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287
February 19, 2013	$	123,518,584	$	1,576,420	$	121,942,164		0.943095
March 18, 2013	$	121,942,164	$	1,890,769	$	120,051,395		0.928472

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1	Page 7 of 8
Monthly Servicing Report for the Collection Period Ending March 4, 2013

Pool Balance - End of Period

OBLIGOR NAME	Dec-12		Jan-13		Feb-13		Mar-13
OBLIGOR #1	$	8,172,429	$	7,861,069	$	7,547,429	$	7,226,148
OBLIGOR #2	$	5,052,335	$	4,572,047	$	4,087,313	$	3,594,431
OBLIGOR #3	$	9,230,769	$	8,846,154	$	8,461,538	$	8,076,923
OBLIGOR #4	$	11,292,550	$	10,871,709	$	10,447,046	$	10,009,339
OBLIGOR #5	$	12,555,645	$	12,555,645	$	12,555,645	$	12,555,645
OBLIGOR #6	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #7	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #8	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000
OBLIGOR #9	$	3,822,324	$	—	$	—	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000	$	1,000,000	$	966,343
OBLIGOR #11	$	3,758,211	$	3,563,606	$	3,367,447	$	3,167,242
OBLIGOR #12	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000
OBLIGOR #13	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #14	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000
OBLIGOR #15	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000
OBLIGOR #16	$	15,000,000	$	15,000,000	$	14,573,778	$	14,128,579
OBLIGOR #17	$	10,000,000	$	10,000,000	$	10,000,000	$	9,711,183
OBLIGOR #18	$	13,749,133	$	13,749,133	$	13,749,133	$	13,749,133
OBLIGOR #19	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #20	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000
OBLIGOR #22	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000
OBLIGOR #23	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #24	$	8,283,251	$	8,156,689	$	8,030,126	$	7,903,564
OBLIGOR #25	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000
OBLIGOR #25	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762
TOTAL	$	230,681,409	$	224,940,814	$	222,584,218	$	219,853,292

Hercules Capital Funding Trust 2012-1	Page 8 of 8
Monthly Servicing Report for the Collection Period Ending March 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending April 4, 2013

Hercules Capital Funding Trust 2012-1	Page 1 of 8
Monthly Servicing Report for the Collection Period Ending April 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period	March 5, 2013
Last Day of Collection Period	April 4, 2013
Payment Date	April 16, 2013

Available Funds

On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):

Obligor payments
Interest Received	$	1,953,228
Principal Received	$	3,900,558
Other Obligor Payments
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	5,853,787
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	5,853,787

Hercules Capital Funding Trust 2012-1	Page 2 of 8
Monthly Servicing Report for the Collection Period Ending April 4, 2013

Waterfall Calculations

Interest Collections				$	1,953,228
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee - Annual Administrative Fee	$	2,083
US Bank Back Up Servicer - Annual Administrative Fee	$	2,707
US Bank Custodian - Monthly Fees	$	150
US Bank Lockbox Fees
Wilmington Trust - Owner Trustee Fees
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees				$	4,940
The “Servicing Fee” is equal to 2% of the aggregate principal balance of the Loans as of the beginning of the Collection Period for such Payment Date times one-twelfth (or, in the case of the first Payment Date, a fraction equal to the number of days from and including the Cutoff Date through and including [date] over 360)
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	18,050
First day of collection period		March 5, 2013
Balance of loans as of beginning of Collection Period	$	219,853,292
Applicable Servicing Fee %		2.00	%
Number of Days to calculate		0.08
Total Servicing Fee				$	366,422
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the Notes
Outstanding Balance of Notes After Last Payment Date	$	120,051,395
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	332,142
Interest unpaid and due from prior payment date	$	—
Plus interest on interest unpaid and due from prior payment date	$	—
Total Accrued Interest Due				$	332,142
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	120,051,395
Target Principal Amortization	$	5,375,752
Principal Payments Received from Principal Collections	$	(3,900,558	)
Principal Payments Received from Reserve Account	$	(243,520	)
Principal Payments Received from Interest Collections				$	1,231,673
Note Balance after Principal Payment				$	114,675,643
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	(0	)
Principal Collections				$	3,900,558
(1) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	3,900,558
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	—
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	—

Hercules Capital Funding Trust 2012-1	Page 3 of 8
Monthly Servicing Report for the Collection Period Ending April 4, 2013

Borrowing Base and Required Note Payments

As of:                 April 4, 2013

First Day of Collection Period	March 5, 2013
Last Day of Collection Period	April 4, 2013
Payment Date	April 16, 2013

Borrowing Base
Adjusted Pool Balance
Pool Balance	$	213,275,244
Total Excess Concentration Amount	$	(28,314,530	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance	$	184,960,714
Advance Rate		62.0	%
	$	114,675,643
Borrowing Base
Beginning Outstanding Note Balance	$	120,051,395
Rapid Amortization	$	—
Required Payment on Notes	$	5,375,752

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

Reporting Date	Obligor Name	Modification Date	Loan Balance	Total Restructured Amt in last 6 months
N/A

Delinquent Loan
	Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

Defaulted Loan

Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, due under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

Date	Ending Outstanding Note Balances	Borrowing Base	Balance > Borrowing Base
N/A

Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligor Count	Count > 10
N/A

An Event of Default

N/A

Hercules Capital Funding Trust 2012-1	Page 4 of 8
Monthly Servicing Report for the Collection Period Ending April 4, 2013

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending Collection Period Date	Beginning Pool Balance		Ending Pool Balance		Payment Date	Beginning Balance		Principal Payment		Ending Balance		Note Factor		Note Interest Paid		Cumulative Interest Paid
January 4, 2013	$	230,681,409	$	224,940,814	January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957
February 4, 2013	$	224,940,814	$	222,584,218	February 19, 2013		123,518,584		1,576,420		121,942,164		0.9872		375,908		375,908
March 4, 2013	$	222,584,218	$	219,853,292	March 18, 2013		121,942,164		1,890,769		120,051,395		0.9845		337,373		337,373
April 4, 2013	$	219,853,292	$	213,275,244	April 16, 2013		120,051,395		5,375,752		114,675,643		0.9552		332,142		332,142

General Reserve Account
Payment Date	Beginning Balance		Plus: Required Deposits		Plus: Interest		Less: Excess over General Reserve Account Required Balance		Less: Withdrawal for Insufficient Funds for Required Payments		Less: Withdrawal due to Event of Default		Ending Balance		Reserve Balance as a % of the Outstanding Principal Balance of the Notes
January 16, 2013	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
February 19, 2013	$	—	$	390,088	$	—	$	—	$	—	$	—	$	390,088	$	0
April 16, 2013	$	390,088	$	420,079	$	—	$	—	$	—	$	—	$	810,167	$	0

Hercules Capital Funding Trust 2012-1	Page 5 of 8
Monthly Servicing Report for the Collection Period Ending April 4, 2013

Pool Balance (by Obligor) Concentration

Obligor Count 24

Loan Status	Loan Balance		% of Loan Balance
Current	$	213,275,244		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	213,275,244		100	%

Concentration Limits percentage of Loan Balance					5	%		23	%		44	%
Concentration Limits in Dollars				$	10,663,762		$	49,053,306		$	93,841,107
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #5				$	(4,336,238	)
OBLIGOR #8				$	(4,336,238	)
OBLIGOR #14				$	(3,085,371	)
OBLIGOR #16				$	(3,029,590	)
OBLIGOR #18				$	(1,851,000	)	$	(20,903,941	)
OBLIGOR #6
OBLIGOR #13
OBLIGOR #19
OBLIGOR #23
OBLIGOR #26										$	(28,314,530	)
Total				$	(16,638,436	)	$	(20,903,941	)	$	(28,314,530	)
Total Excess Concentration Amount	$	(28,314,530	)
Adjusted Pool Balance	$	184,960,714

Hercules Capital Funding Trust 2012-1	Page 6 of 8
Monthly Servicing Report for the Collection Period Ending April 4, 2013

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Adjustment For Substitution		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	—	$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	—	$	224,940,814	$	2,084,457	$	—	$	7,825,052
February 4, 2013	$	224,940,814	$	2,356,596	$	—	$	222,584,218	$	1,981,727	$	—	$	4,338,323
March 4, 2013	$	222,584,218	$	2,730,927	$	—	$	219,853,292	$	1,770,085	$	—	$	4,501,012
April 4, 2013	$	219,853,292	$	3,900,558	$	2,677,489	$	213,275,244	$	1,935,178	$	18,050	$	5,853,787

Note Balance - Class A Notes
Payment Date	Beginning Principal		Principal Paydown		Ending Balance		Note Factor
December 19, 2012	$	129,300,000			$	129,300,000		1.000000
January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287
February 19, 2013	$	123,518,584	$	1,576,420	$	121,942,164		0.943095
March 18, 2013	$	121,942,164	$	1,890,769	$	120,051,395		0.928472
April 16, 2013	$	120,051,395	$	5,375,752	$	114,675,643		0.886896

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1	Page 7 of 8
Monthly Servicing Report for the Collection Period Ending April 4, 2013

Pool Balance - End of Period

OBLIGOR NAME	Dec-12		Jan-13		Feb-13		Mar-13		Apr-13
OBLIGOR #1	$	8,172,429	$	7,861,069	$	7,547,429	$	7,226,148	$	6,907,861
OBLIGOR #2	$	5,052,335	$	4,572,047	$	4,087,313	$	3,594,431	$	—
OBLIGOR #3	$	9,230,769	$	8,846,154	$	8,461,538	$	8,076,923	$	7,692,308
OBLIGOR #4	$	11,292,550	$	10,871,709	$	10,447,046	$	10,009,339	$	—
OBLIGOR #5	$	12,555,645	$	12,555,645	$	12,555,645	$	12,555,645	$	12,198,390
OBLIGOR #6	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #7	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	9,761,673
OBLIGOR #8	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000
OBLIGOR #9	$	3,822,324	$	—	$	—	$	—	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000	$	1,000,000	$	966,343	$	933,243
OBLIGOR #11	$	3,758,211	$	3,563,606	$	3,367,447	$	3,167,242	$	2,968,011
OBLIGOR #12	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,703,704
OBLIGOR #13	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #14	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000
OBLIGOR #15	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000
OBLIGOR #16	$	15,000,000	$	15,000,000	$	14,573,778	$	14,128,579	$	13,693,352
OBLIGOR #17	$	10,000,000	$	10,000,000	$	10,000,000	$	9,711,183	$	9,428,358
OBLIGOR #18	$	13,749,133	$	13,749,133	$	13,749,133	$	13,749,133	$	11,749,133
OBLIGOR #18									$	2,000,000
OBLIGOR #19	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #20	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,845,939
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,851,509
OBLIGOR #22	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000
OBLIGOR #23	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #24	$	8,283,251	$	8,156,689	$	8,030,126	$	7,903,564	$	7,777,001
OBLIGOR #25	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000
OBLIGOR #25	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762
OBLIGOR #26	$	—	$	—	$	—	$	—	$	10,000,000
TOTAL	$	230,681,409	$	224,940,814	$	222,584,218	$	219,853,292	$	213,275,244

Hercules Capital Funding Trust 2012-1	Page 8 of 8
Monthly Servicing Report for the Collection Period Ending April 4, 2013

Confidential, Non-Public Information

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending May 3, 2013

Hercules Capital Funding Trust 2012-1

Monthly Servicing Report for the Collection Period Ending May 3, 2013

Confidential, Non-Public Information

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period		April 4, 2013
Last Day of Collection Period		May 3, 2013
Payment Date		May 16, 2013
Available Funds
On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):
Obligor payments
Interest Received	$	1,947,440
Principal Received	$	3,270,073
Other Obligor Payments	$	4,914
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	5,222,427
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	5,222,427

Hercules Capital Funding Trust 2012-1

Monthly Servicing Report for the Collection Period Ending May 3, 2013

Confidential, Non-Public Information

Waterfall Calculations

Interest Collections				$	1,952,354
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee - Annual Administrative Fee	$	2,083
US Bank Back Up Servicer - Annual Administrative Fee	$	2,646
US Bank Custodian - Monthly Fees	$	150
US Bank Lockbox Fees	$	796
Wilmington Trust - Owner Trustee Fees
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees				$	5,674
The “Servicing Fee” is equal to 2% of the aggregate principal balance of the Loans as of the beginning of the Collection Period for such Payment Date times one-twelfth (or, in the case of the first Payment Date, a fraction equal to the number of days from and including the Cutoff Date through and including [date] over 360)
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	4,914
First day of collection period		April 4, 2013
Balance of loans as of beginning of Collection Period	$	213,275,244
Applicable Servicing Fee %		2.00	%
Number of Days to calculate		0.08
Total Servicing Fee				$	355,459
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the Notes
Outstanding Balance of Notes After Last Payment Date	$	114,675,643
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	317,269
Interest unpaid and due from prior payment date	$	—
Plus interest on interest unpaid and due from prior payment date	$	—
Total Accrued Interest Due				$	317,269
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	114,675,643
Target Principal Amortization	$	2,133,032
Principal Payments Received from Principal Collections	$	(2,133,032	)
Principal Payments Received from Reserve Account	$	—
Principal Payments Received from Interest Collections				$	—
Note Balance after Principal Payment				$	112,542,610
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	1,269,038
Principal Collections				$	3,270,073
(1) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	2,133,032
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the
Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	568,520
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	568,520

Hercules Capital Funding Trust 2012-1

Monthly Servicing Report for the Collection Period Ending May 3, 2013

Confidential, Non-Public Information

Borrowing Base and Required Note Payments

As of:                 May 3, 2013

First Day of Collection Period	April 4, 2013
Last Day of Collection Period	May 3, 2013
Payment Date	May 16, 2013

Borrowing Base
Adjusted Pool Balance
Pool Balance	$	210,005,171
Total Excess Concentration Amount	$	(28,484,832	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance	$	181,520,339
Advance Rate		62.0	%
	$	112,542,610
Borrowing Base
Beginning Outstanding Note Balance	$	114,675,643
Rapid Amortization	$	—
Required Payment on Notes	$	2,133,032

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

Reporting Date	Obligor Name	Modification Date	Loan Balance	Total Restructured Amt in last 6 months
N/A

              Delinquent Loan Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

              Defaulted Loan Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, due under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

Date	Ending Outstanding Note Balances	Borrowing Base	Balance > Borrowing Base
N/A

              Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligor Count	Count > 10
N/A

              An Event of Default

N/A

Hercules Capital Funding Trust 2012-1

Monthly Servicing Report for the Collection Period Ending May 3, 2013

Confidential, Non-Public Information

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending Collection Period Date	Beginning Pool Balance		Ending Pool Balance		Payment Date	Beginning Balance		Principal Payment		Ending Balance		Note Factor		Note Interest Paid		Cumulative Interest Paid
January 4, 2013	$	230,681,409	$	216,285,727	January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957
February 4, 2013	$	216,285,727	$	222,584,218	February 19, 2013		123,518,584		1,576,420		121,942,164		0.9872		375,908		697,865
March 4, 2013	$	222,584,218	$	219,853,292	March 18, 2013		121,942,164		1,890,769		120,051,395		0.9845		337,373		1,035,239
April 4, 2013	$	219,853,292	$	213,275,244	April 16, 2013		120,051,395		5,375,752		114,675,643		0.9552		332,142		1,367,381
May 4, 2013	$	213,275,244	$	210,005,171	May 16, 2013		114,675,643		2,133,032		112,542,610		0.9814		317,269		1,684,650

General Reserve Account
Payment Date	Beginning Balance		Plus: Required Deposits		Plus: Interest		Less: Excess over General Reserve Account Required Balance		Less: Withdrawal for Insufficient Funds for Required Payments		Less: Withdrawal due to Event of Default		Ending Balance		Reserve Balance as a % of the Outstanding Principal Balance of the Notes
January 16, 2013	$	—	$	—	$	—	$	—	$	—	$	—	$	—		0.00	%
February 19, 2013	$	—	$	390,088	$	—	$	—	$	—	$	—	$	390,088		0.18	%
March 16, 2013	$	390,088	$	420,079	$	—	$	—	$	—	$	—	$	810,167		0.37	%
April 16, 2013	$	810,167	$	—	$	—	$	—	$	243,520	$	—	$	566,646		0.25	%
May 16, 2013	$	566,646	$	568,520	$	—	$	—	$	—	$	—	$	1,135,167		0.52	%

Hercules Capital Funding Trust 2012-1

Monthly Servicing Report for the Collection Period Ending May 3, 2013

Confidential, Non-Public Information

Pool Balance (by Obligor) Concentration

Obligor Count 23

Loan Status	Loan Balance		% of Loan Balance
Current	$	210,005,171		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	210,005,171		100	%

Concentration Limits percentage of Loan Balance					5	%		23	%		44	%
Concentration Limits in Dollars				$	10,500,259		$	48,301,189		$	92,402,275
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #8				$	(4,499,741	)
OBLIGOR #14				$	(4,499,741	)
OBLIGOR #16				$	(2,889,581	)
OBLIGOR #5				$	(2,748,805	)
OBLIGOR #18				$	(1,914,503	)	$	(20,752,476	)
OBLIGOR #6
OBLIGOR #13
OBLIGOR #19
OBLIGOR #23
OBLIGOR #26										$	(28,484,832	)
Total				$	(16,552,373	)	$	(20,752,476	)	$	(28,484,832	)
Total Excess Concentration Amount	$	(28,484,832	)
Adjusted Pool Balance	$	181,520,339

Hercules Capital Funding Trust 2012-1

Monthly Servicing Report for the Collection Period Ending May 3, 2013

Confidential, Non-Public Information

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Adjustment For Substitution		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	—	$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	—	$	224,940,814	$	2,084,457	$	—	$	7,825,052
February 4, 2013	$	224,940,814	$	2,356,596	$	—	$	222,584,218	$	1,981,727	$	—	$	4,338,323
March 4, 2013	$	222,584,218	$	2,730,927	$	—	$	219,853,292	$	1,770,085	$	—	$	4,501,012
April 4, 2013	$	219,853,292	$	3,900,558	$	2,677,489	$	213,275,244	$	1,935,178	$	18,050	$	5,853,787
May 4, 2013	$	213,275,244	$	3,270,073	$	—	$	210,005,171	$	1,947,440	$	4,914	$	5,222,427

Note Balance - Class A Notes
Payment Date	Beginning Principal		Principal Paydown		Ending Balance		Note Factor
December 19, 2012	$	129,300,000			$	129,300,000		1.000000
January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287
February 19, 2013	$	123,518,584	$	1,576,420	$	121,942,164		0.943095
March 18, 2013	$	121,942,164	$	1,890,769	$	120,051,395		0.928472
April 16, 2013	$	120,051,395	$	5,375,752	$	114,675,643		0.886896
May 16, 2013	$	114,675,643	$	2,133,032	$	112,542,610		0.870399
June 17, 2013
July 17, 2013

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1

Monthly Servicing Report for the Collection Period Ending May 3, 2013

Confidential, Non-Public Information

Pool Balance - End of Period

OBLIGOR NAME	Dec-12		Jan-13		Feb-13		Mar-13		Apr-13		May-13
OBLIGOR #1	$	8,172,429	$	7,861,069	$	7,547,429	$	7,226,148	$	6,907,861	$	6,585,614
OBLIGOR #2	$	5,052,335	$	4,572,047	$	4,087,313	$	3,594,431	$	—	$	—
OBLIGOR #3	$	9,230,769	$	8,846,154	$	8,461,538	$	8,076,923	$	7,692,308	$	7,307,692
OBLIGOR #4	$	11,292,550	$	10,871,709	$	10,447,046	$	10,009,339	$	—	$	—
OBLIGOR #5	$	12,555,645	$	3,900,558	$	12,555,645	$	12,555,645	$	12,198,390	$	11,833,442
OBLIGOR #6	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #7	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	9,761,673	$	9,761,673
OBLIGOR #8	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000
OBLIGOR #9	$	3,822,324	$	—	$	—	$	—	$	—	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000	$	1,000,000	$	966,343	$	933,243	$	899,586
OBLIGOR #11	$	3,758,211	$	3,563,606	$	3,367,447	$	3,167,242	$	2,968,011	$	2,766,494
OBLIGOR #12	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,703,704	$	7,407,407
OBLIGOR #13	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #14	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000
OBLIGOR #15	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000
OBLIGOR #16	$	15,000,000	$	15,000,000	$	14,573,778	$	14,128,579	$	13,693,352	$	13,249,064
OBLIGOR #17	$	10,000,000	$	10,000,000	$	10,000,000	$	9,711,183	$	9,428,358	$	9,140,353
OBLIGOR #18	$	13,749,133	$	13,749,133	$	13,749,133	$	13,749,133	$	11,749,133	$	11,389,840
OBLIGOR #18									$	2,000,000	$	2,000,000
OBLIGOR #19	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #20	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,845,939	$	4,690,274
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,851,509	$	4,700,720
OBLIGOR #22	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000
OBLIGOR #23	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #24	$	8,283,251	$	8,156,689	$	8,030,126	$	7,903,564	$	7,777,001	$	7,608,251
OBLIGOR #25	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,900,000
OBLIGOR #25	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762
OBLIGOR #26	$	—	$	—	$	—	$	—	$	10,000,000	$	10,000,000
TOTAL	$	230,681,409	$	216,285,727	$	222,584,218	$	219,853,292	$	213,275,244	$	210,005,171

Hercules Capital Funding Trust 2012-1

Monthly Servicing Report for the Collection Period Ending May 3, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending June 4, 2013

Hercules Capital Funding Trust 2012-1	Page 1 of 8
Monthly Servicing Report for the Collection Period Ending June 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period		May 5, 2013
Last Day of Collection Period		June 4, 2013
Payment Date		June 17, 2013
Available Funds
On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):
Obligor payments
Interest Received	$	1,977,416
Principal Received	$	3,318,319
Other Obligor Payments
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	5,295,735
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	5,295,735

Hercules Capital Funding Trust 2012-1	Page 2 of 8
Monthly Servicing Report for the Collection Period Ending June 4, 2013

Waterfall Calculations

Interest Collections	$				1,977,416
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee - Annual Administrative Fee	$	2,083
US Bank Back Up Servicer - Annual Administrative Fee	$	2,604
US Bank Custodian - Monthly Fees	$	150
US Bank Lockbox Fees	$	247
Wilmington Trust - Owner Trustee Fees
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees				$	5,084
The Servicing Fee shall be equal to the sum of the product of: (i) one-twelfth of 2.00% (or, with respect to the first Collection Period, a fraction equal to the number of days from and including the Cutoff Date through and including January 15, 2013 over 360) and (ii) the Aggregate Outstanding Pool Balance as of the beginning of the related Collection Period.
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	41,963
First day of collection period		May 5, 2013
Aggregate Outstanding Pool Balance as of beginning of Collection Period	$	215,121,820
Applicable Servicing Fee %		2.00	%
Number of Days to calculate		0.08
Total Servicing Fee				$	358,536
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the Notes
Outstanding Balance of Notes After Last Payment Date	$	112,542,610
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	311,368
Interest unpaid and due from prior payment date	$	—
Plus interest on interest unpaid and due from prior payment date	$	—
Total Accrued Interest Due				$	311,368
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	112,542,610
Target Principal Amortization	$	2,273,025
Principal Payments Received from Principal Collections	$	(2,273,025	)
Principal Payments Received from Reserve Account	$	—
Principal Payments Received from Interest Collections				$	—
Note Balance after Principal Payment				$	110,269,586
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	1,260,465
Principal Collections				$	3,318,319
(1) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	2,273,025
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	522,647
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	522,647

Hercules Capital Funding Trust 2012-1	Page 3 of 8
Monthly Servicing Report for the Collection Period Ending June 4, 2013

Borrowing Base and Required Note Payments

As of: June 4, 2013

First Day of Collection Period	May 5, 2013
Last Day of Collection Period	June 4, 2013
Payment Date	June 17, 2013

Borrowing Base
Adjusted Pool Balance
Pool Balance	$	206,578,601
Total Excess Concentration Amount	$	(28,724,431	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance	$	177,854,170
Advance Rate		62.0	%
	$	110,269,586
Borrowing Base
Beginning Outstanding Note Balance	$	112,542,610
Rapid Amortization	$	—
Required Payment on Notes	$	2,273,025

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

				Total Restructured Amt
Reporting Date	Obligor Name	Modification Date	Loan Balance	in last 6 months
N/A

Delinquent Loan
	Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

Defaulted Loan

Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, due under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

	Ending Outstanding		Balance > Borrowing
Date	Note Balances	Borrowing Base	Base
N/A

Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligor Count	Count > 10
N/A

An Event of Default

N/A

Hercules Capital Funding Trust 2012-1	Page 4 of 8
Monthly Servicing Report for the Collection Period Ending June 4, 2013

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending Collection Period Date	Beginning Pool Balance		Ending Pool Balance		Payment Date	Beginning Balance		Principal Payment		Ending Balance		Note Factor		Note Interest Paid		Cumulative Interest Paid
January 4, 2013	$	230,681,409	$	224,940,814	January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957
February 4, 2013	$	224,940,814	$	222,584,218	February 19, 2013		123,518,584		1,576,420		121,942,164		0.9431		375,908		697,865
March 4, 2013	$	222,584,218	$	219,853,292	March 18, 2013		121,942,164		1,890,769		120,051,395		0.9285		337,373		1,035,239
April 4, 2013	$	219,853,292	$	213,275,244	April 16, 2013		120,051,395		5,375,752		114,675,643		0.8869		332,142		1,367,381
May 4, 2013	$	213,275,244	$	210,005,171	May 16, 2013		114,675,643		2,133,032		112,542,610		0.8704		317,269		1,684,650
June 4, 2013	$	210,005,171	$	206,578,601	June 17, 2013		112,542,610		2,273,025		110,269,586		0.8528		311,368		1,996,018

General Reserve Account
Payment Date	Beginning Balance		Plus: Required Deposits		Plus: Interest		Less: Excess over General Reserve Account Required Balance		Less: Withdrawal for Insufficient Funds for Required Payments		Less: Withdrawal due to Event of Default		Ending Balance		Reserve Balance as a % of the Outstanding Principal Balance of the Notes
January 16, 2013	$	—	$	—	$	—	$	—	$	—	$	—	$	—		0.00	%
February 19, 2013	$	—	$	390,088	$	—	$	—	$	—	$	—	$	390,088		0.32	%
March 16, 2013	$	390,088	$	420,079	$	—	$	—	$	—	$	—	$	810,167		0.66	%
April 16, 2013	$	810,167	$	—	$	—	$	—	$	243,520	$	—	$	566,646		0.47	%
May 16, 2013	$	566,646	$	568,520	$	—	$	—	$	—	$	—	$	1,135,167		0.99	%
June 17, 2013	$	1,135,167	$	522,647	$	—	$	—	$	—	$	—	$	1,657,814		1.47	%

Hercules Capital Funding Trust 2012-1	Page 5 of 8
Monthly Servicing Report for the Collection Period Ending June 4, 2013

Pool Balance (by Obligor) Concentration

Obligor Count 23

			% of
Loan Status	Loan Balance		Loan Balance
Current	$	206,578,601		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	206,578,601		100	%

Concentration Limits percentage of Loan Balance					5	%		23	%		44	%
Concentration Limits in Dollars				$	10,328,930		$	47,513,078		$	90,894,585
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #8				$	(4,671,070	)
OBLIGOR #14				$	(4,671,070	)
OBLIGOR #16				$	(2,701,788	)
OBLIGOR #5				$	(2,475,819	)
OBLIGOR #18				$	(1,985,832	)	$	(20,637,151	)
OBLIGOR #6				$	(1,139,856	)
OBLIGOR #13
OBLIGOR #19
OBLIGOR #23
OBLIGOR #26										$	(28,724,431	)
Total				$	(17,645,435	)	$	(20,637,151	)	$	(28,724,431	)
Total Excess Concentration Amount	$	(28,724,431	)
Adjusted Pool Balance	$	177,854,170

Hercules Capital Funding Trust 2012-1	Page 6 of 8
Monthly Servicing Report for the Collection Period Ending June 4, 2013

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Adjustment For Substitution		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	—	$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	—	$	224,940,814	$	2,084,457	$	—	$	7,825,052
February 4, 2013	$	224,940,814	$	2,356,596	$	—	$	222,584,218	$	1,981,727	$	—	$	4,338,323
March 4, 2013	$	222,584,218	$	2,730,927	$	—	$	219,853,292	$	1,770,085	$	—	$	4,501,012
April 4, 2013	$	219,853,292	$	3,900,558	$	2,677,489	$	213,275,244	$	1,935,178	$	18,050	$	5,853,787
May 4, 2013	$	213,275,244	$	3,270,073	$	—	$	210,005,171	$	1,846,576	$	—	$	5,116,649
June 4, 2013	$	210,005,171	$	3,318,319	$	108,251	$	206,578,601	$	1,977,416	$	—	$	5,295,735

Note Balance - Class A Notes
Payment Date	Beginning Principal		Principal Paydown		Ending Balance		Note Factor
December 19, 2012	$	129,300,000			$	129,300,000		1.000000
January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287
February 19, 2013	$	123,518,584	$	1,576,420	$	121,942,164		0.943095
March 18, 2013	$	121,942,164	$	1,890,769	$	120,051,395		0.928472
April 16, 2013	$	120,051,395	$	5,375,752	$	114,675,643		0.886896
May 16, 2013	$	114,675,643	$	2,133,032	$	112,542,610		0.870399
June 4, 2013	$	112,542,610	$	2,273,025	$	110,269,586		0.852820

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1	Page 7 of 8
Monthly Servicing Report for the Collection Period Ending June 4, 2013

Pool Balance - End of Period

OBLIGOR NAME	Dec-12		Jan-13		Feb-13		Mar-13		Apr-13		May-13		Jun-13
OBLIGOR #1	$	8,172,429	$	7,861,069	$	7,547,429	$	7,226,148	$	6,907,861	$	6,585,614	$	6,262,638.66
OBLIGOR #2	$	5,052,335	$	4,572,047	$	4,087,313	$	3,594,431	$	—	$	—	$	—
OBLIGOR #3	$	9,230,769	$	8,846,154	$	8,461,538	$	8,076,923	$	7,692,308	$	7,307,692	$	6,923,076.96
OBLIGOR #4	$	11,292,550	$	10,871,709	$	10,447,046	$	10,009,339	$	—	$	—	$	—
OBLIGOR #5	$	12,555,645	$	12,555,645	$	12,555,645	$	12,555,645	$	12,198,390	$	11,833,442	$	11,468,786.18
OBLIGOR #6	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00
OBLIGOR #7	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	9,761,673	$	9,761,673	$	9,761,672.83
OBLIGOR #8	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00
OBLIGOR #9	$	3,822,324	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000	$	1,000,000	$	966,343	$	933,243	$	899,586	$	865,896.53
OBLIGOR #11	$	3,758,211	$	3,563,606	$	3,367,447	$	3,167,242	$	2,968,011	$	2,766,494	$	2,564,156.92
OBLIGOR #12	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,703,704	$	7,407,407	$	7,111,111.10
OBLIGOR #13	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00
OBLIGOR #14	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00
OBLIGOR #15	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000.00
OBLIGOR #16	$	15,000,000	$	15,000,000	$	14,573,778	$	14,128,579	$	13,693,352	$	13,249,064	$	12,804,749.27
OBLIGOR #17	$	10,000,000	$	10,000,000	$	10,000,000	$	9,711,183	$	9,428,358	$	9,140,353	$	8,852,489.74
OBLIGOR #18	$	13,749,133	$	13,749,133	$	13,749,133	$	13,749,133	$	11,749,133	$	11,389,840	$	11,030,718.01
OBLIGOR #18									$	2,000,000	$	2,000,000	$	2,000,000.00
OBLIGOR #19	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00
OBLIGOR #20	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000.00
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,845,939	$	4,690,274	$	4,534,612.35
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,851,509	$	4,700,720	$	4,549,974.60
OBLIGOR #22	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000.00
OBLIGOR #23	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00
OBLIGOR #24	$	8,283,251	$	8,156,689	$	8,030,126	$	7,903,564	$	7,777,001	$	7,608,251	$	—
OBLIGOR #25	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,900,000	$	7,800,000.00
OBLIGOR #25	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762.00
OBLIGOR #26	$	—	$	—	$	—	$	—	$	10,000,000	$	10,000,000	$	10,000,000.00
OBLIGOR #27	$	—	$	—	$	—	$	—	$	—	$	—	$	7,283,956.19
TOTAL	$	230,681,409	$	224,940,814	$	222,584,218	$	219,853,292	$	213,275,244	$	210,005,171	$	206,578,601

Hercules Capital Funding Trust 2012-1	Page 8 of 8
Monthly Servicing Report for the Collection Period Ending June 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending July 3, 2013

Hercules Capital Funding Trust 2012-1	Page 1 of 8
Monthly Servicing Report for the Collection Period Ending July 3, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period	June 5, 2013
Last Day of Collection Period	July 3, 2013
Payment Date	July 16, 2013

Available Funds

On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):

Obligor payments
Interest Received	$	1,781,618
Principal Received	$	3,769,179
Other Obligor Payments
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	5,550,798
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	5,550,798

Hercules Capital Funding Trust 2012-1	Page 2 of 8
Monthly Servicing Report for the Collection Period Ending July 3, 2013

Waterfall Calculations

Interest Collections				$	1,781,618
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee - Annual Administrative Fee	$	2,083
US Bank Back Up Servicer - Annual Administrative Fee	$	2,559
US Bank Custodian - Monthly Fees	$	150
US Bank Lockbox Fees	$	—
Wilmington Trust - Owner Trustee Fees
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees				$	4,792
The Servicing Fee shall be equal to the sum of the product of: (i) one-twelfth of 2.00% (or, with respect to the first Collection Period, a fraction equal to the number of days from and including the Cutoff Date through and including January 15, 2013 over 360) and (ii) the Aggregate Outstanding Pool Balance as of the beginning of the related Collection Period.
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	—
First day of collection period		June 5, 2013
Aggregate Outstanding Pool Balance as of beginning of Collection Period	$	211,982,587
Applicable Servicing Fee %		2.00	%
Number of Days to calculate		0.08
Total Servicing Fee				$	353,304
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the Notes
Outstanding Balance of Notes After Last Payment Date	$	110,269,586
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	305,079
Interest unpaid and due from prior payment date	$	—
Plus interest on interest unpaid and due from prior payment date	$	—
Total Accrued Interest Due				$	305,079
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	110,269,586
Target Principal Amortization	$	2,564,881
Principal Payments Received from Principal Collections	$	(2,564,881	)
Principal Payments Received from Reserve Account	$	—
Principal Payments Received from Interest Collections				$	—
Note Balance after Principal Payment				$	107,704,704
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	1,118,443
Principal Collections				$	3,769,179
(1) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	2,564,881
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	602,149
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	602,149

Hercules Capital Funding Trust 2012-1	Page 3 of 8
Monthly Servicing Report for the Collection Period Ending July 3, 2013

Borrowing Base and Required Note Payments

As of: July 3, 2013

First Day of Collection Period	June 5, 2013
Last Day of Collection Period	July 3, 2013
Payment Date	July 16, 2013

Borrowing Base
Adjusted Pool Balance
Pool Balance	$	202,809,422
Total Excess Concentration Amount	$	(29,092,157	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance	$	173,717,265
Advance Rate		62.0	%
	$	107,704,704
Borrowing Base
Beginning Outstanding Note Balance	$	110,269,586
Rapid Amortization	$	—
Required Payment on Notes	$	2,564,881

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

				Total Restructured Amt
Reporting Date	Obligor Name	Modification Date	Loan Balance	in last 6 months
N/A

Delinquent Loan
	Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

Defaulted Loan

Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, due under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

	Ending Outstanding		Balance > Borrowing
Date	Note Balances	Borrowing Base	Base
N/A

Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligor Count	Count > 10
N/A

An Event of Default

N/A

Hercules Capital Funding Trust 2012-1	Page 4 of 8
Monthly Servicing Report for the Collection Period Ending July 3, 2013

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending															Note		Cumulative
Collection	Beginning		Ending Pool		Payment		Beginning		Principal		Ending		Note		Interest		Interest
Period Date	Pool Balance		Balance		Date		Balance		Payment		Balance		Factor		Paid		Paid
January 4, 2013	$	230,681,409	$	224,940,814		January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957
February 4, 2013	$	224,940,814	$	222,584,218		February 19, 2013		123,518,584		1,576,420		121,942,164		0.9431		375,908		697,865
March 4, 2013	$	222,584,218	$	219,853,292		March 18, 2013		121,942,164		1,890,769		120,051,395		0.9285		337,373		1,035,239
April 4, 2013	$	219,853,292	$	213,275,244		April 16, 2013		120,051,395		5,375,752		114,675,643		0.8869		332,142		1,367,381
May 4, 2013	$	213,275,244	$	210,005,171		May 16, 2013		114,675,643		2,133,032		112,542,610		0.8704		317,269		1,684,650
June 4, 2013	$	210,005,171	$	206,578,601		June 17, 2013		112,542,610		2,273,025		110,269,586		0.8528		311,368		1,996,018
July 3, 2013	$	206,578,601	$	202,809,422		July 16, 2013		110,269,586		2,564,881		107,704,704		0.8330		305,079		2,301,097

General Reserve Account
									Less:
									Withdrawal						Reserve Balance
							Less: Excess over		for Insufficient		Less:				as a % of the
							General Reserve		Funds for		Withdrawal due				Outstanding
	Beginning		Plus: Required		Plus:		Account Required		Required		to Event of				Principal Balance
Payment Date	Balance		Deposits		Interest		Balance		Payments		Default		Ending Balance		of the Notes
January 16, 2013	$	—	$	—	$	—	$	—	$	—	$	—	$	—		0.00	%
February 19, 2013	$	—	$	390,088	$	—	$	—	$	—	$	—	$	390,088		0.32	%
March 16, 2013	$	390,088	$	420,079	$	—	$	—	$	—	$	—	$	810,167		0.66	%
April 16, 2013	$	810,167	$	—	$	—	$	—	$	243,520	$	—	$	566,646		0.47	%
May 16, 2013	$	566,646	$	568,520	$	—	$	—	$	—	$	—	$	1,135,167		0.99	%
June 17, 2013	$	1,135,167	$	522,647	$	—	$	—	$	—	$	—	$	1,657,814		1.47	%
July 16, 2013	$	1,657,814	$	602,149	$	—	$	—	$	—	$	—	$	2,259,963		2.05	%

Hercules Capital Funding Trust 2012-1	Page 5 of 8
Monthly Servicing Report for the Collection Period Ending July 3, 2013

Pool Balance (by Obligor) Concentration

Obligor Count 23

			% of
Loan Status	Loan Balance		Loan Balance
Current	$	202,809,422		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	202,809,422		100	%

Concentration Limits percentage of Loan Balance					5	%		23	%		44	%
Concentration Limits in Dollars				$	10,140,471		$	46,646,167		$	89,236,146
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #8				$	(4,859,529	)
OBLIGOR #14				$	(4,859,529	)
OBLIGOR #16				$	(2,524,892	)
OBLIGOR #5				$	(2,211,104	)
OBLIGOR #18				$	(2,074,291	)	$	(20,585,533	)
OBLIGOR #6				$	(956,132	)
OBLIGOR #13
OBLIGOR #19
OBLIGOR #23
OBLIGOR #26										$	(29,092,157	)
Total				$	(17,485,476	)	$	(20,585,533	)	$	(29,092,157	)
Total Excess Concentration Amount	$	(29,092,157	)
Adjusted Pool Balance	$	173,717,265

Hercules Capital Funding Trust 2012-1	Page 6 of 8
Monthly Servicing Report for the Collection Period Ending July 3, 2013

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Adjustment For Substitution		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	—	$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	—	$	224,940,814	$	2,084,457	$	—	$	7,825,052
February 4, 2013	$	224,940,814	$	2,356,596	$	—	$	222,584,218	$	1,981,727	$	—	$	4,338,323
March 4, 2013	$	222,584,218	$	2,730,927	$	—	$	219,853,292	$	1,770,085	$	—	$	4,501,012
April 4, 2013	$	219,853,292	$	3,900,558	$	2,677,489	$	213,275,244	$	1,935,178	$	18,050	$	5,853,787
May 4, 2013	$	213,275,244	$	3,270,073	$	—	$	210,005,171	$	1,846,576	$	—	$	5,116,649
June 4, 2013	$	210,005,171	$	3,318,319	$	108,251	$	206,578,601	$	1,977,416	$	—	$	5,295,735
July 3, 2013	$	206,578,601	$	3,769,179	$	—	$	202,809,422	$	1,781,618	$	—	$	5,550,798

Note Balance - Class A Notes
Payment Date		Beginning Principal		Principal Paydown		Ending Balance		Note Factor
	December 19, 2012	$	129,300,000			$	129,300,000		1.000000
	January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287
	February 19, 2013	$	123,518,584	$	1,576,420	$	121,942,164		0.943095
	March 18, 2013	$	121,942,164	$	1,890,769	$	120,051,395		0.928472
	April 16, 2013	$	120,051,395	$	5,375,752	$	114,675,643		0.886896
	May 16, 2013	$	114,675,643	$	2,133,032	$	112,542,610		0.870399
	June 4, 2013	$	112,542,610	$	2,273,025	$	110,269,586		0.852820
	July 3, 2013	$	110,269,586	$	2,564,881	$	107,704,704		0.832983

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1	Page 7 of 8
Monthly Servicing Report for the Collection Period Ending July 3, 2013

Pool Balance - End of Period

OBLIGOR NAME	Dec-12		Jan-13		Feb-13		Mar-13		Apr-13		May-13		Jun-13		Jul-13
OBLIGOR #1	$	8,172,429	$	7,861,069	$	7,547,429	$	7,226,148	$	6,907,861	$	6,585,614	$	6,262,638.66	$	5,935,820.87
OBLIGOR #2	$	5,052,335	$	4,572,047	$	4,087,313	$	3,594,431	$	—	$	—	$	—	$	—
OBLIGOR #3	$	9,230,769	$	8,846,154	$	8,461,538	$	8,076,923	$	7,692,308	$	7,307,692	$	6,923,076.96	$	6,538,461.58
OBLIGOR #4	$	11,292,550	$	10,871,709	$	10,447,046	$	10,009,339	$	—	$	—	$	—	$	—
OBLIGOR #5	$	12,555,645	$	12,555,645	$	12,555,645	$	12,555,645	$	12,198,390	$	11,833,442	$	11,468,786.18	$	11,096,602.85
OBLIGOR #6	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00
OBLIGOR #7	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	9,761,673	$	9,761,673	$	9,761,672.83	$	9,761,672.83
OBLIGOR #8	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00	$	15,000,000.00
OBLIGOR #9	$	3,822,324	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000	$	1,000,000	$	966,343	$	933,243	$	899,586	$	865,896.53	$	831,663.58
OBLIGOR #11	$	3,758,211	$	3,563,606	$	3,367,447	$	3,167,242	$	2,968,011	$	2,766,494	$	2,564,156.92	$	2,359,610.96
OBLIGOR #12	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,703,704	$	7,407,407	$	7,111,111.10	$	6,814,814.80
OBLIGOR #13	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00
OBLIGOR #14	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00	$	15,000,000.00
OBLIGOR #15	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000.00	$	4,880,239.73
OBLIGOR #16	$	15,000,000	$	15,000,000	$	14,573,778	$	14,128,579	$	13,693,352	$	13,249,064	$	12,804,749.27	$	12,351,575.05
OBLIGOR #17	$	10,000,000	$	10,000,000	$	10,000,000	$	9,711,183	$	9,428,358	$	9,140,353	$	8,852,489.74	$	8,559,565.42
OBLIGOR #18	$	13,749,133	$	13,749,133	$	13,749,133	$	13,749,133	$	11,749,133	$	11,389,840	$	11,030,718.01	$	10,665,362.77
OBLIGOR #18									$	2,000,000	$	2,000,000	$	2,000,000.00	$	2,000,000.00
OBLIGOR #19	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	9,711,251.22
OBLIGOR #20	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000.00	$	7,250,000.00
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,845,939	$	4,690,274	$	4,534,612.35	$	4,377,390.82
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,851,509	$	4,700,720	$	4,549,974.60	$	4,396,987.08
OBLIGOR #22	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000.00	$	6,000,000.00
OBLIGOR #23	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00
OBLIGOR #24	$	8,283,251	$	8,156,689	$	8,030,126	$	7,903,564	$	7,777,001	$	7,608,251	$	—	$	—
OBLIGOR #25	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,900,000	$	7,800,000.00	$	7,700,000.00
OBLIGOR #25	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762.00	$	4,514,762.00
OBLIGOR #26	$	—	$	—	$	—	$	—	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00
OBLIGOR #27	$	—	$	—	$	—	$	—	$	—	$	—	$	7,283,956.19	$	7,063,640.30
TOTAL	$	230,681,409	$	224,940,814	$	222,584,218	$	219,853,292	$	213,275,244	$	210,005,171	$	206,578,601	$	202,809,422

Hercules Capital Funding Trust 2012-1	Page 8 of 8
Monthly Servicing Report for the Collection Period Ending July 3, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending August 2, 2013

Hercules Capital Funding Trust 2012-1	Page 1 of 8
Monthly Servicing Report for the Collection Period Ending August 2, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period Last Day of Collection Period Payment Date July 5, 2013 August 2, 2013 August 16, 2013

Available Funds

On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):

Obligor payments
Interest Received	$	1,805,042
Principal Received	$	3,771,009
Other Obligor Payments	$	2,252
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	5,578,303
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	5,578,303

Hercules Capital Funding Trust 2012-1	Page 2 of 8
Monthly Servicing Report for the Collection Period Ending August 2, 2013

Waterfall Calculations

Interest Collections				$	1,805,042
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee - Annual Administrative Fee	$	2,083
US Bank Back Up Servicer - Annual Administrative Fee	$	2,512
US Bank Custodian - Monthly Fees	$	150
US Bank Lockbox Fees	$	—
Wilmington Trust - Owner Trustee Fees
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees				$	4,745
The Servicing Fee shall be equal to the sum of the product of: (i) one-twelfth of 2.00% (or, with respect to the first Collection Period, a fraction equal to the number of days from and including the Cutoff Date through and including January 15, 2013 over 360) and (ii) the Aggregate Outstanding Pool Balance as of the beginning of the related Collection Period.
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	—
First day of collection period		July 5, 2013
Aggregate Outstanding Pool Balance as of beginning of Collection Period	$	208,360,219
Applicable Servicing Fee %		2.00	%
Number of Days to calculate		0.08
Total Servicing Fee				$	347,267
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the Notes
Outstanding Balance of Notes After Last Payment Date	$	107,704,704
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	297,983
Interest unpaid and due from prior payment date	$	—
Plus interest on interest unpaid and due from prior payment date	$	—
Total Accrued Interest Due				$	297,983
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	107,704,704
Target Principal Amortization	$	2,566,154
Principal Payments Received from Principal Collections	$	(2,566,154	)
Principal Payments Received from Reserve Account	$	—
Principal Payments Received from Interest Collections				$	—
Note Balance after Principal Payment				$	105,138,550
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	1,155,048
Principal Collections				$	3,771,009
(1) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	2,566,154
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	602,427
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	602,427

Hercules Capital Funding Trust 2012-1	Page 3 of 8
Monthly Servicing Report for the Collection Period Ending August 2, 2013

Borrowing Base and Required Note Payments

As of: August 2, 2013

First Day of Collection Period	July 5, 2013
Last Day of Collection Period	August 2, 2013
Payment Date	August 16, 2013

Borrowing Base
Adjusted Pool Balance
Pool Balance	$	199,038,413
Total Excess Concentration Amount	$	(29,460,106	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance	$	169,578,307
Advance Rate		62.0	%
	$	105,138,550
Borrowing Base
Beginning Outstanding Note Balance	$	107,704,704
Rapid Amortization	$	—
Required Payment on Notes	$	2,566,154

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

Reporting Date	Obligor Name	Modification Date	Loan Balance	Total Restructured Amt in last 6 months
N/A

Delinquent Loan
	Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

Defaulted Loan

Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, due under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

	Ending Outstanding		Balance > Borrowing
Date	Note Balances	Borrowing Base	Base
N/A

Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligor Count	Count > 10
N/A

An Event of Default

N/A

Hercules Capital Funding Trust 2012-1	Page 4 of 8
Monthly Servicing Report for the Collection Period Ending August 2, 2013

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending Collection Period Date	Beginning Pool Balance		Ending Pool Balance		Payment Date		Beginning Balance		Principal Payment		Ending Balance		Note Factor		Note Interest Paid		Cumulative Interest Paid
January 4, 2013	$	230,681,409	$	224,940,814		January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957
February 4, 2013	$	224,940,814	$	222,584,218		February 19, 2013		123,518,584		1,576,420		121,942,164		0.9431		375,908		697,865
March 4, 2013	$	222,584,218	$	219,853,292		March 18, 2013		121,942,164		1,890,769		120,051,395		0.9285		337,373		1,035,239
April 4, 2013	$	219,853,292	$	213,275,244		April 16, 2013		120,051,395		5,375,752		114,675,643		0.8869		332,142		1,367,381
May 4, 2013	$	213,275,244	$	210,005,171		May 16, 2013		114,675,643		2,133,032		112,542,610		0.8704		317,269		1,684,650
June 4, 2013	$	210,005,171	$	206,578,601		June 17, 2013		112,542,610		2,273,025		110,269,586		0.8528		311,368		1,996,018
July 3, 2013	$	206,578,601	$	202,809,422		July 16, 2013		110,269,586		2,564,881		107,704,704		0.8330		305,079		2,301,097
August 2, 2013	$	202,809,422	$	199,038,413		August 16, 2013		107,704,704		2,566,154		105,138,550		0.81314		297,983		2,599,080

General Reserve Account
Payment Date	Beginning Balance		Plus: Required Deposits		Plus: Interest		Less: Excess over General Reserve Account Required Balance		Less: Withdrawal for Insufficient Funds for Required Payments		Less: Withdrawal due to Event of Default		Ending Balance		Reserve Balance as a % of the Outstanding Principal Balance of the Notes
January 16, 2013	$	—	$	—	$	—	$	—	$	—	$	—	$	—		0.00	%
February 19, 2013	$	—	$	390,088	$	—	$	—	$	—	$	—	$	390,088		0.32	%
March 16, 2013	$	390,088	$	420,079	$	—	$	—	$	—	$	—	$	810,167		0.66	%
April 16, 2013	$	810,167	$	—	$	—	$	—	$	243,520	$	—	$	566,646		0.47	%
May 16, 2013	$	566,646	$	568,520	$	—	$	—	$	—	$	—	$	1,135,167		0.99	%
June 17, 2013	$	1,135,167	$	522,647	$	—	$	—	$	—	$	—	$	1,657,814		1.47	%
July 16, 2013	$	1,657,814	$	602,149	$	—	$	—	$	—	$	—	$	2,259,963		2.05	%
August 16, 2013	$	2,259,963	$	602,427	$	—	$	—	$	—	$	—	$	2,862,390		2.66	%

Hercules Capital Funding Trust 2012-1	Page 5 of 8
Monthly Servicing Report for the Collection Period Ending August 2, 2013

Pool Balance (by Obligor) Concentration

Obligor Count 23

			% of
Loan Status	Loan Balance		Loan Balance
Current	$	199,038,413		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	199,038,413		100	%

Concentration Limits percentage of Loan Balance					5	%		23	%		44	%
Concentration Limits in Dollars				$	9,951,921		$	45,778,835		$	87,576,902
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #8				$	(5,048,079	)
OBLIGOR #14				$	(5,048,079	)
OBLIGOR #16				$	(2,347,942	)
OBLIGOR #5				$	(2,162,841	)
OBLIGOR #18				$	(1,946,066	)	$	(20,533,776	)
OBLIGOR #6				$	(772,476	)
OBLIGOR #13				$	(48,079	)
OBLIGOR #19				$	(48,079	)
OBLIGOR #23				$	(48,079	)
OBLIGOR #26				$	(48,079	)				$	(29,460,106	)
Total				$	(17,517,802	)	$	(20,533,776	)	$	(29,460,106	)
Total Excess Concentration Amount	$	(29,460,106	)
Adjusted Pool Balance	$	169,578,307

Hercules Capital Funding Trust 2012-1	Page 6 of 8
Monthly Servicing Report for the Collection Period Ending August 2, 2013

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Adjustment For Substitution		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	—	$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	—	$	224,940,814	$	2,084,457	$	—	$	7,825,052
February 4, 2013	$	224,940,814	$	2,356,596	$	—	$	222,584,218	$	1,981,727	$	—	$	4,338,323
March 4, 2013	$	222,584,218	$	2,730,927	$	—	$	219,853,292	$	1,770,085	$	—	$	4,501,012
April 4, 2013	$	219,853,292	$	3,900,558	$	2,677,489	$	213,275,244	$	1,935,178	$	18,050	$	5,853,787
May 4, 2013	$	213,275,244	$	3,270,073	$	—	$	210,005,171	$	1,846,576	$	—	$	5,116,649
June 4, 2013	$	210,005,171	$	3,318,319	$	108,251	$	206,578,601	$	1,977,416	$	—	$	5,295,735
July 3, 2013	$	206,578,601	$	3,769,179	$	—	$	202,809,422	$	1,781,618	$	—	$	5,550,798
August 2, 2013	$	202,809,422	$	3,771,009	$	—	$	199,038,413	$	1,805,042	$	—	$	5,576,051

Note Balance - Class A Notes
Payment Date	Beginning Principal		Principal Paydown		Ending Balance		Note Factor
December 19, 2012	$	129,300,000			$	129,300,000		1.000000
January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287
February 19, 2013	$	123,518,584	$	1,576,420	$	121,942,164		0.943095
March 18, 2013	$	121,942,164	$	1,890,769	$	120,051,395		0.928472
April 16, 2013	$	120,051,395	$	5,375,752	$	114,675,643		0.886896
May 16, 2013	$	114,675,643	$	2,133,032	$	112,542,610		0.870399
June 17, 2013	$	112,542,610	$	2,273,025	$	110,269,586		0.852820
July 16, 2013	$	110,269,586	$	2,564,881	$	107,704,704		0.832983
August 16, 2013	$	107,704,704	$	2,566,154	$	105,138,550		0.813137

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1	Page 7 of 8
Monthly Servicing Report for the Collection Period Ending August 2, 2013

Pool Balance - End of Period

OBLIGOR NAME	Dec-12		Jan-13		Feb-13		Mar-13		Apr-13		May-13		Jun-13		Jul-13		Aug-13
OBLIGOR #1	$	8,172,429	$	7,861,069	$	7,547,429	$	7,226,148	$	6,907,861	$	6,585,614	$	6,262,638.66	$	5,935,820.87	$	5,608,089.63
OBLIGOR #2	$	5,052,335	$	4,572,047	$	4,087,313	$	3,594,431	$	—	$	—	$	—	$	—	$	—
OBLIGOR #3	$	9,230,769	$	8,846,154	$	8,461,538	$	8,076,923	$	7,692,308	$	7,307,692	$	6,923,076.96	$	6,538,461.58	$	6,153,846.20
OBLIGOR #4	$	11,292,550	$	10,871,709	$	10,447,046	$	10,009,339	$	—	$	—	$	—	$	—	$	—
OBLIGOR #5	$	12,555,645	$	12,555,645	$	12,555,645	$	12,555,645	$	12,198,390	$	11,833,442	$	11,468,786.18	$	11,096,602.85	$	10,724,396.76
OBLIGOR #6	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #7	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	9,761,673	$	9,761,673	$	9,761,672.83	$	9,761,672.83	$	9,761,672.83
OBLIGOR #8	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00
OBLIGOR #9	$	3,822,324	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000	$	1,000,000	$	966,343	$	933,243	$	899,586	$	865,896.53	$	831,663.58	$	797,375.03
OBLIGOR #11	$	3,758,211	$	3,563,606	$	3,367,447	$	3,167,242	$	2,968,011	$	2,766,494	$	2,564,156.92	$	2,359,610.96	$	2,154,120.82
OBLIGOR #12	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,703,704	$	7,407,407	$	7,111,111.10	$	6,814,814.80	$	6,518,518.50
OBLIGOR #13	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #14	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00
OBLIGOR #15	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000.00	$	4,880,239.73	$	4,760,835.31
OBLIGOR #16	$	15,000,000	$	15,000,000	$	14,573,778	$	14,128,579	$	13,693,352	$	13,249,064	$	12,804,749.27	$	12,351,575.05	$	11,897,986.29
OBLIGOR #17	$	10,000,000	$	10,000,000	$	10,000,000	$	9,711,183	$	9,428,358	$	9,140,353	$	8,852,489.74	$	8,559,565.42	$	8,266,576.13
OBLIGOR #18	$	13,749,133	$	13,749,133	$	13,749,133	$	13,749,133	$	11,749,133	$	11,389,840	$	11,030,718.01	$	10,665,362.77	$	10,299,862.99
OBLIGOR #18									$	2,000,000	$	2,000,000	$	2,000,000.00	$	2,000,000.00	$	2,000,000.00
OBLIGOR #19	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	9,711,251.22	$	9,422,841.86
OBLIGOR #20	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000.00	$	7,250,000.00	$	7,250,000.00
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,845,939	$	4,690,274	$	4,534,612.35	$	4,377,390.82	$	4,220,112.75
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,851,509	$	4,700,720	$	4,549,974.60	$	4,396,987.08	$	4,243,952.75
OBLIGOR #22	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000.00	$	6,000,000.00	$	6,000,000.00
OBLIGOR #23	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #24	$	8,283,251	$	8,156,689	$	8,030,126	$	7,903,564	$	7,777,001	$	7,608,251	$	—	$	—	$	—
OBLIGOR #25	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,900,000	$	7,800,000.00	$	7,700,000.00	$	7,600,000.00
OBLIGOR #25	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762.00	$	4,514,762.00	$	4,514,762.00
OBLIGOR #26	$	—	$	—	$	—	$	—	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #27	$	—	$	—	$	—	$	—	$	—	$	—	$	7,283,956.19	$	7,063,640.30	$	6,843,463.19
TOTAL	$	230,681,409	$	224,940,814	$	222,584,218	$	219,853,292	$	213,275,244	$	210,005,171	$	206,578,601	$	202,809,422	$	199,038,413

Hercules Capital Funding Trust 2012-1	Page 8 of 8
Monthly Servicing Report for the Collection Period Ending August 2, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending September 3, 2013

Hercules Capital Funding Trust 2012-1
Monthly Servicing Report for the Collection Period Ending September 3, 2013	Page 1 of 8

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period	August 3, 2013
Last Day of Collection Period	September 3, 2013
Payment Date	September 16, 2013

Available Funds

On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):

Obligor payments
Interest Received	$	1,784,734
Principal Received	$	4,203,387
Other Obligor Payments	$	—
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	5,988,121
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	5,988,121

Hercules Capital Funding Trust 2012-1
Monthly Servicing Report for the Collection Period Ending September 3, 2013	Page 2 of 8

Waterfall Calculations

Interest Collections				$	1,784,734
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee - Annual Administrative Fee	$	2,083
US Bank Back Up Servicer - Annual Administrative Fee	$	2,462
US Bank Custodian - Monthly Fees	$	150
US Bank Lockbox Fees	$	—
Wilmington Trust - Owner Trustee Fees
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees				$	4,696
The Servicing Fee shall be equal to the sum of the product of: (i) one-twelfth of 2.00% (or, with respect to the first Collection Period, a fraction equal to the number of days from and including the Cutoff Date through and including January 15, 2013 over 360) and (ii) the Aggregate Outstanding Pool Balance as of the beginning of the related Collection Period.
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	—
First day of collection period		August 3, 2013
Aggregate Outstanding Pool Balance as of beginning of Collection Period	$	204,614,464
Applicable Servicing Fee %		2.00	%
Number of Days to calculate		0.08
Total Servicing Fee				$	341,024
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the Notes
Outstanding Balance of Notes After Last Payment Date	$	105,138,550
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	290,883
Interest unpaid and due from prior payment date	$	—
Plus interest on interest unpaid and due from prior payment date	$	—
Total Accrued Interest Due				$	290,883
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	105,138,550
Target Principal Amortization	$	2,664,395
Principal Payments Received from Principal Collections	$	(2,664,395	)
Principal Payments Received from Reserve Account	$	—
Principal Payments Received from Interest Collections				$	—
Note Balance after Principal Payment				$	102,474,155
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	1,148,131
Principal Collections				$	4,203,387
(1) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	2,664,395
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	769,496
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	769,496

Hercules Capital Funding Trust 2012-1	Page 3 of 8
Monthly Servicing Report for the Collection Period Ending September 3, 2013

Borrowing Base and Required Note Payments

As of:                 September 3, 2013

First Day of Collection Period	August 3, 2013
Last Day of Collection Period	September 3, 2013
Payment Date	September 16, 2013

Borrowing Base
Adjusted Pool Balance
Pool Balance	$	194,941,027
Total Excess Concentration Amount	$	(29,660,132	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance	$	165,280,895
Advance Rate		62.0	%
	$	102,474,155
Borrowing Base
Beginning Outstanding Note Balance	$	105,138,550
Rapid Amortization	$	—
Required Payment on Notes	$	2,664,395

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

Reporting Date	Obligor Name	Modification Date	Loan Balance	Total Restructured Amt in last 6 months
N/A

Delinquent Loan
	Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

Defaulted Loan

Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, due under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

Date	Ending Outstanding Note Balances	Borrowing Base	Balance > Borrowing Base
N/A

Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligor Count	Count > 10
N/A

An Event of Default

N/A

Hercules Capital Funding Trust 2012-1
Monthly Servicing Report for the Collection Period Ending September 3, 2013	Page 4 of 8

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending Collection Period Date	Beginning Pool Balance		Ending Pool Balance		Payment Date	Beginning Balance		Principal Payment		Ending Balance		Note Factor		Note Interest Paid		Cumulative Interest Paid
January 4, 2013	$	230,681,409	$	224,940,814	January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957
February 4, 2013	$	224,940,814	$	222,584,218	February 19, 2013		123,518,584		1,576,420		121,942,164		0.9431		375,908		697,865
March 4, 2013	$	222,584,218	$	219,853,292	March 18, 2013		121,942,164		1,890,769		120,051,395		0.9285		337,373		1,035,239
April 4, 2013	$	219,853,292	$	213,275,244	April 16, 2013		120,051,395		5,375,752		114,675,643		0.8869		332,142		1,367,381
May 4, 2013	$	213,275,244	$	210,005,171	May 16, 2013		114,675,643		2,133,032		112,542,610		0.8704		317,269		1,684,650
June 4, 2013	$	210,005,171	$	206,578,601	June 17, 2013		112,542,610		2,273,025		110,269,586		0.8528		311,368		1,996,018
July 3, 2013	$	206,578,601	$	202,809,422	July 16, 2013		110,269,586		2,564,881		107,704,704		0.8330		305,079		2,301,097
August 2, 2013	$	202,809,422	$	199,038,413	August 16, 2013		107,704,704		2,566,154		105,138,550		0.81314		297,983		2,599,080
September 3, 2013	$	199,038,413	$	194,941,027	September 16, 2013		105,138,550		2,664,395		102,474,155		0.79253		290,883		2,889,963

General Reserve Account
Payment Date	Beginning Balance		Plus: Required Deposits		Plus: Interest		Less: Excess over General Reserve Account Required Balance		Less: Withdrawal for Insufficient Funds for Required Payments		Less: Withdrawal due to Event of Default		Ending Balance		Reserve Balance as a % of the Outstanding Principal Balance of the Notes
January 16, 2013	$	—	$	—	$	—	$	—	$	—	$	—	$	—		0.00	%
February 19, 2013	$	—	$	390,088	$	—	$	—	$	—	$	—	$	390,088		0.32	%
March 16, 2013	$	390,088	$	420,079	$	—	$	—	$	—	$	—	$	810,167		0.66	%
April 16, 2013	$	810,167	$	—	$	—	$	—	$	243,520	$	—	$	566,646		0.47	%
May 16, 2013	$	566,646	$	568,520	$	—	$	—	$	—	$	—	$	1,135,167		0.99	%
June 17, 2013	$	1,135,167	$	522,647	$	—	$	—	$	—	$	—	$	1,657,814		1.47	%
July 16, 2013	$	1,657,814	$	602,149	$	—	$	—	$	—	$	—	$	2,259,963		2.05	%
August 16, 2013	$	2,259,963	$	602,427	$	—	$	—	$	—	$	—	$	2,862,390		2.66	%
September 16, 2013	$	2,862,390	$	769,496	$	—	$	—	$	—	$	—	$	3,631,886		3.45	%

Hercules Capital Funding Trust 2012-1	Page 5 of 8
Monthly Servicing Report for the Collection Period Ending September 3, 2013

Pool Balance (by Obligor) Concentration

Obligor Count 23

Loan Status	Loan Balance		% of Loan Balance
Current	$	194,941,027		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	194,941,027		100	%

Concentration Limits percentage of Loan Balance					5	%		23	%		44	%
Concentration Limits in Dollars				$	9,747,051		$	44,836,436		$	85,774,052
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #8				$	(5,252,949	)
OBLIGOR #14				$	(5,252,949	)
OBLIGOR #18				$	(2,184,283	)
OBLIGOR #25				$	(1,967,711	)
OBLIGOR #16				$	(1,692,659	)	$	(20,249,371	)
OBLIGOR #5				$	(601,325	)
OBLIGOR #28				$	(252,949	)
OBLIGOR #13				$	(252,949	)
OBLIGOR #23				$	(252,949	)
OBLIGOR #26				$	(252,949	)				$	(29,660,132	)
Total				$	(17,963,670	)	$	(20,249,371	)	$	(29,660,132	)
Total Excess Concentration Amount	$	(29,660,132	)
Adjusted Pool Balance	$	165,280,895

Hercules Capital Funding Trust 2012-1	Page 6 of 8
Monthly Servicing Report for the Collection Period Ending September 3, 2013

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Adjustment For Substitution		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	—	$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	—	$	224,940,814	$	2,084,457	$	—	$	7,825,052
February 4, 2013	$	224,940,814	$	2,356,596	$	—	$	222,584,218	$	1,981,727	$	—	$	4,338,323
March 4, 2013	$	222,584,218	$	2,730,927	$	—	$	219,853,292	$	1,770,085	$	—	$	4,501,012
April 4, 2013	$	219,853,292	$	3,900,558	$	2,677,489	$	213,275,244	$	1,935,178	$	18,050	$	5,853,787
May 4, 2013	$	213,275,244	$	3,270,073	$	—	$	210,005,171	$	1,846,576	$	—	$	5,116,649
June 4, 2013	$	210,005,171	$	3,318,319	$	108,251	$	206,578,601	$	1,977,416	$	—	$	5,295,735
July 3, 2013	$	206,578,601	$	3,769,179	$	—	$	202,809,422	$	1,781,618	$	—	$	5,550,798
August 2, 2013	$	202,809,422	$	3,771,009		—	$	199,038,413	$	1,805,042	$	—	$	5,576,051
September 3, 2013	$	199,038,413	$	4,203,387	$	—	$	194,835,026	$	1,784,734	$	—	$	5,988,121

Note Balance - Class A Notes
Payment Date	Beginning Principal		Principal Paydown		Ending Balance		Note Factor
December 19, 2012	$	129,300,000			$	129,300,000		1.000000
January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287
February 19, 2013	$	123,518,584	$	1,576,420	$	121,942,164		0.943095
March 18, 2013	$	121,942,164	$	1,890,769	$	120,051,395		0.928472
April 16, 2013	$	120,051,395	$	5,375,752	$	114,675,643		0.886896
May 16, 2013	$	114,675,643	$	2,133,032	$	112,542,610		0.870399
June 17, 2013	$	112,542,610	$	2,273,025	$	110,269,586		0.852820
July 16, 2013	$	110,269,586	$	2,564,881	$	107,704,704		0.832983
August 16, 2013	$	107,704,704	$	2,566,154	$	105,138,550		0.813137
September 16, 2013	$	105,138,550	$	2,664,395	$	102,474,155		0.792530

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1	Page 7 of 8
Monthly Servicing Report for the Collection Period Ending September 3, 2013

Pool Balance - End of Period

OBLIGOR NAME	Dec-12		Jan-13		Feb-13		Mar-13		Apr-13		May-13		Jun-13		Jul-13		Aug-13		Sep-13
OBLIGOR #1	$	8,172,429	$	7,861,069	$	7,547,429	$	7,226,148	$	6,907,861	$	6,585,614	$	6,262,638.66	$	5,935,820.87	$	5,608,089.63	$	5,277,959.58
OBLIGOR #2	$	5,052,335	$	4,572,047	$	4,087,313	$	3,594,431	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #3	$	9,230,769	$	8,846,154	$	8,461,538	$	8,076,923	$	7,692,308	$	7,307,692	$	6,923,076.96	$	6,538,461.58	$	6,153,846.20	$	5,769,230.82
OBLIGOR #4	$	11,292,550	$	10,871,709	$	10,447,046	$	10,009,339	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #5	$	12,555,645	$	12,555,645	$	12,555,645	$	12,555,645	$	12,198,390	$	11,833,442	$	11,468,786.18	$	11,096,602.85	$	10,724,396.76	$	10,348,376.59
OBLIGOR #6	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	—
OBLIGOR #7	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	9,761,673	$	9,761,673	$	9,761,672.83	$	9,761,672.83	$	9,761,672.83	$	9,761,672.83
OBLIGOR #8	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00
OBLIGOR #9	$	3,822,324	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000	$	1,000,000	$	966,343	$	933,243	$	899,586	$	865,896.53	$	831,663.58	$	797,375.03	$	762,783.83
OBLIGOR #11	$	3,758,211	$	3,563,606	$	3,367,447	$	3,167,242	$	2,968,011	$	2,766,494	$	2,564,156.92	$	2,359,610.96	$	2,154,120.82	$	1,947,038.12
OBLIGOR #12	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,703,704	$	7,407,407	$	7,111,111.10	$	6,814,814.80	$	6,518,518.50	$	6,222,222.20
OBLIGOR #13	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #14	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00
OBLIGOR #15	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000.00	$	4,880,239.73	$	4,760,835.31	$	4,640,407.82
OBLIGOR #16	$	15,000,000	$	15,000,000	$	14,573,778	$	14,128,579	$	13,693,352	$	13,249,064	$	12,804,749.27	$	12,351,575.05	$	11,897,986.29	$	11,439,710.45
OBLIGOR #17	$	10,000,000	$	10,000,000	$	10,000,000	$	9,711,183	$	9,428,358	$	9,140,353	$	8,852,489.74	$	8,559,565.42	$	8,266,576.13	$	7,971,000.80
OBLIGOR #18	$	13,749,133	$	13,749,133	$	13,749,133	$	13,749,133	$	11,749,133	$	11,389,840	$	11,030,718.01	$	10,665,362.77	$	10,299,862.99	$	9,931,334.55
OBLIGOR #18									$	2,000,000	$	2,000,000	$	2,000,000.00	$	2,000,000.00	$	2,000,000.00	$	2,000,000.00
OBLIGOR #19	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	9,711,251.22	$	9,422,841.86	$	9,131,539.18
OBLIGOR #20	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000.00	$	7,250,000.00	$	7,250,000.00	$	7,250,000.00
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,845,939	$	4,690,274	$	4,534,612.35	$	4,377,390.82	$	4,220,112.75	$	4,062,022.08
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,851,509	$	4,700,720	$	4,549,974.60	$	4,396,987.08	$	4,243,952.75	$	4,089,765.34
OBLIGOR #22	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000.00	$	6,000,000.00	$	6,000,000.00	$	6,000,000.00
OBLIGOR #23	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #24	$	8,283,251	$	8,156,689	$	8,030,126	$	7,903,564	$	7,777,001	$	7,608,251	$	—	$	—	$	—	$	—
OBLIGOR #25	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,900,000	$	7,800,000.00	$	7,700,000.00	$	7,600,000.00	$	7,200,000.00
OBLIGOR #25	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762.00	$	4,514,762.00	$	4,514,762.00	$	4,514,762.00
OBLIGOR #26	$	—	$	—	$	—	$	—	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #27	$	—	$	—	$	—	$	—	$	—	$	—	$	7,283,956.19	$	7,063,640.30	$	6,843,463.19	$	6,621,200.52
OBLIGOR #28	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	10,000,000.00
TOTAL	$	230,681,409	$	224,940,814	$	222,584,218	$	219,853,292	$	213,275,244	$	210,005,171	$	206,578,601	$	202,809,422	$	199,038,413	$	194,941,027

Hercules Capital Funding Trust 2012-1	Page 8 of 8
Monthly Servicing Report for the Collection Period Ending September 3, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending October 4, 2013

Hercules Capital Funding Trust 2012-1
Monthly Servicing Report for the Collection Period Ending October 4, 2013	Page 1 of 8

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period	September 4, 2013
Last Day of Collection Period	October 4, 2013
Payment Date	October 16, 2013

Available Funds
On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):
Obligor payments
Interest Received	$	1,608,996
Principal Received1	$	9,095,353
Other Obligor Payments	$	—
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	10,704,349
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	10,704,349

1: Note that $300,000 in principal payments were received from obligor #25 in July 2013 that were not reflected in the Servicer Reports dated July 16th 2013 or August 16th 2013. These principal payments were included in the September Servicer Report. In addition, the related October payments have been adjusted to reflect the increased principal payment amount, resulting in the following corrections:

Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees—October amount is reduced by $8.00

Total Servicing Fee—October amount is reduced by $500.00

Total accrued interest due—October amount is reduced by $453.00

Hercules Capital Funding Trust 2012-1
Monthly Servicing Report for the Collection Period Ending October 4, 2013	Page 2 of 8

Waterfall Calculations

Interest Collections				$	1,608,996
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee—Annual Administrative Fee	$	2,083
US Bank Back Up Servicer—Annual Administrative Fee	$	2,379
US Bank Custodian—Monthly Fees	$	150
US Bank Lockbox Fees	$	910
Wilmington Trust—Owner Trustee Fees
True up of fees per footnote 1 on page 1	$	(8	)
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees				$	5,515
The Servicing Fee shall be equal to the sum of the product of: (i) one-twelfth of 2.00% (or, with respect to the first Collection Period, a fraction equal to the number of days from and including the Cutoff Date through and including January 15, 2013 over 360) and (ii) the Aggregate Outstanding Pool Balance as of the beginning of the related Collection Period.
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	—
First day of collection period		September 4, 2013
Aggregate Outstanding Pool Balance as of beginning of Collection Period	$	200,823,147
Applicable Servicing Fee %		2.00	%
Number of Days to calculate		0.08
True up of fees per footnote 1 on page 1		(500	)
Total Servicing Fee				$	334,205
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the Notes
Outstanding Balance of Notes After Last Payment Date	$	102,474,155
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	283,512
Interest unpaid and due from prior payment date	$	—
Plus interest on interest unpaid and due from prior payment date	$	—
True up of fees per footnote 1 on page 1	$	(453	)
Total Accrued Interest Due				$	283,059
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	102,474,155
Target Principal Amortization	$	7,022,406
Principal Payments Received from Principal Collections	$	(7,022,406	)
Principal Payments Received from Reserve Account	$	—
Principal Payments Received from Interest Collections				$	—
Note Balance after Principal Payment				$	95,451,748
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	986,217
Principal Collections				$	9,095,353
(1) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	7,022,406
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	1,036,473
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	1,036,473

Hercules Capital Funding Trust 2012-1	Page 3 of 8
Monthly Servicing Report for the Collection Period Ending October 4, 2013

Borrowing Base and Required Note Payments

As of:             October 4, 2013

First Day of Collection Period	September 4, 2013
Last Day of Collection Period	October 4, 2013
Payment Date	October 16, 2013

Borrowing Base
Adjusted Pool Balance
Pool Balance	$	185,845,674
Total Excess Concentration Amount	$	(31,891,241	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance	$	153,954,433
Advance Rate		62.0	%
	$	95,451,748
Borrowing Base
Beginning Outstanding Note Balance	$	102,474,155
Rapid Amortization	$	—
Required Payment on Notes	$	7,022,406

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

Reporting Date	Obligor Name	Modification Date	Loan Balance	Total Restructured Amt in last 6 months
N/A

Delinquent Loan
	Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

Defaulted Loan

Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, due under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

Date	Ending Outstanding Note Balances	Borrowing Base	Balance > Borrowing Base
N/A

Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligor Count	Count > 10
N/A

An Event of Default

N/A

Hercules Capital Funding Trust 2012-1	Page 4 of 8
Monthly Servicing Report for the Collection Period Ending October 4, 2013

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending Collection Period Date	Beginning Pool Balance		Ending Pool Balance		Payment Date		Beginning Balance		Principal Payment		Ending Balance		Note Factor		Note Interest Paid		Cumulative Interest Paid
January 4, 2013	$	230,681,409	$	224,940,814		January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957
February 4, 2013	$	224,940,814	$	222,584,218		February 19, 2013		123,518,584		1,576,420		121,942,164		0.9431		375,908		697,865
March 4, 2013	$	222,584,218	$	219,853,292		March 18, 2013		121,942,164		1,890,769		120,051,395		0.9285		337,373		1,035,239
April 4, 2013	$	219,853,292	$	213,275,244		April 16, 2013		120,051,395		5,375,752		114,675,643		0.8869		332,142		1,367,381
May 4, 2013	$	213,275,244	$	210,005,171		May 16, 2013		114,675,643		2,133,032		112,542,610		0.8704		317,269		1,684,650
June 4, 2013	$	210,005,171	$	206,578,601		June 17, 2013		112,542,610		2,273,025		110,269,586		0.8528		311,368		1,996,018
July 3, 2013	$	206,578,601	$	202,809,422		July 16, 2013		110,269,586		2,564,881		107,704,704		0.8330		305,079		2,301,097
August 2, 2013	$	202,809,422	$	199,038,413		August 16, 2013		107,704,704		2,566,154		105,138,550		0.81314		297,983		2,599,080
September 3, 2013	$	199,038,413	$	194,941,027		September 16, 2013		105,138,550		2,664,395		102,474,155		0.79253		290,883		2,889,963
October 4, 2013	$	194,941,027	$	185,845,674		October 16, 2013		102,474,155		7,022,406		95,451,748		0.73822		283,059		3,173,022

General Reserve Account
Payment Date	Beginning Balance		Plus: Required Deposits		Plus: Interest		Less: Excess over General Reserve Account Required Balance		Less: Withdrawal for Insufficient Funds for Required Payments		Less: Withdrawal due to Event of Default		Ending Balance		Reserve Balance as a % of the Outstanding Principal Balance of the Notes
January 16, 2013	$	—	$	—	$	—	$	—	$	—	$	—	$	—		0.00	%
February 19, 2013	$	—	$	390,088	$	—	$	—	$	—	$	—	$	390,088		0.32	%
March 16, 2013	$	390,088	$	420,079	$	—	$	—	$	—	$	—	$	810,167		0.66	%
April 16, 2013	$	810,167	$	—	$	—	$	—	$	243,520	$	—	$	566,646		0.47	%
May 16, 2013	$	566,646	$	568,520	$	—	$	—	$	—	$	—	$	1,135,167		0.99	%
June 17, 2013	$	1,135,167	$	522,647	$	—	$	—	$	—	$	—	$	1,657,814		1.47	%
July 16, 2013	$	1,657,814	$	602,149	$	—	$	—	$	—	$	—	$	2,259,963		2.05	%
August 16, 2013	$	2,259,963	$	602,427	$	—	$	—	$	—	$	—	$	2,862,390		2.66	%
September 16, 2013	$	2,862,390	$	769,496	$	—	$	—	$	—	$	—	$	3,631,886		3.45	%
October 16, 2013	$	3,631,886	$	1,036,473	$	—	$	—	$	—	$	—	$	4,668,359		4.56	%

Hercules Capital Funding Trust 2012-1	Page 5 of 8
Monthly Servicing Report for the Collection Period Ending October 4, 2013

Pool Balance (by Obligor) Concentration

Obligor Count 23

Loan Status	Loan Balance		% of Loan Balance
Current	$	185,845,674		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	185,845,674		100	%

Concentration Limits percentage of Loan Balance					5	%		23	%		44	%
Concentration Limits in Dollars				$	9,292,284		$	42,744,505		$	81,772,097
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #8				$	(5,261,386	)
OBLIGOR #14				$	(5,707,716	)
OBLIGOR #18				$	(2,264,653	)
OBLIGOR #25				$	(2,322,478	)
OBLIGOR #16				$	(1,680,602	)	$	(20,953,750	)
OBLIGOR #5				$	(672,799	)
OBLIGOR #26				$	(707,716	)
OBLIGOR #13				$	(707,716	)
OBLIGOR #23				$	(707,716	)
OBLIGOR #28				$	(707,716	)				$	(31,891,241	)
OBLIGOR #7				$	(469,389	)
Total				$	(21,209,890	)	$	(20,953,750	)	$	(31,891,241	)
Total Excess Concentration Amount	$	(31,891,241	)
Adjusted Pool Balance	$	153,954,433

Hercules Capital Funding Trust 2012-1	Page 6 of 8
Monthly Servicing Report for the Collection Period Ending October 4, 2013

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Adjustment For Substitution		Other Collections		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	—			$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	—			$	224,940,814	$	2,084,457	$	—	$	7,825,052
February 4, 2013	$	224,940,814	$	2,356,596	$	—			$	222,584,218	$	1,981,727	$	—	$	4,338,323
March 4, 2013	$	222,584,218	$	2,730,927	$	—			$	219,853,292	$	1,770,085	$	—	$	4,501,012
April 4, 2013	$	219,853,292	$	3,900,558	$	2,677,489			$	213,275,244	$	1,935,178	$	18,050	$	5,853,787
May 4, 2013	$	213,275,244	$	3,270,073	$	—			$	210,005,171	$	1,846,576	$	—	$	5,116,649
June 4, 2013	$	210,005,171	$	3,318,319	$	108,251			$	206,578,601	$	1,977,416	$	—	$	5,295,735
July 3, 2013	$	206,578,601	$	3,769,179	$	—			$	202,809,422	$	1,781,618	$	—	$	5,550,798
August 2, 2013	$	202,809,422	$	3,771,009	$	—			$	199,038,413	$	1,805,042	$	—	$	5,576,051
September 3, 2013	$	199,038,413	$	4,097,386	$	—	$	106,000	$	194,941,027	$	1,784,734	$	—	$	5,988,121
October 4, 2013	$	194,941,027	$	9,095,353	$	—			$	185,845,674	$	1,608,996	$	—	$	10,704,349

Note Balance - Class A Notes
Payment Date	Beginning Principal		Principal Paydown		Ending Balance		Note Factor
December 19, 2012	$	129,300,000			$	129,300,000		1.000000
January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287
February 19, 2013	$	123,518,584	$	1,576,420	$	121,942,164		0.943095
March 18, 2013	$	121,942,164	$	1,890,769	$	120,051,395		0.928472
April 16, 2013	$	120,051,395	$	5,375,752	$	114,675,643		0.886896
May 16, 2013	$	114,675,643	$	2,133,032	$	112,542,610		0.870399
June 17, 2013	$	112,542,610	$	2,273,025	$	110,269,586		0.852820
July 16, 2013	$	110,269,586	$	2,564,881	$	107,704,704		0.832983
August 16, 2013	$	107,704,704	$	2,566,154	$	105,138,550		0.813137
September 16, 2013	$	105,138,550	$	2,664,395	$	102,474,155		0.792530
October 16, 2013	$	102,474,155	$	7,022,406	$	95,451,748		0.738219

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1	Page 7 of 8
Monthly Servicing Report for the Collection Period Ending October 4, 2013

Pool Balance - End of Period

OBLIGOR NAME	Dec-12		Jan-13		Feb-13		Mar-13		Apr-13		May-13		Jun-13		Jul-13		Aug-13		Sep-13		Oct-13
OBLIGOR #1	$	8,172,429	$	7,861,069	$	7,547,429	$	7,226,148	$	6,907,861	$	6,585,614	$	6,262,638.66	$	5,935,820.87	$	5,608,089.63	$	5,277,959.58	$	4,944,166.98
OBLIGOR #2	$	5,052,335	$	4,572,047	$	4,087,313	$	3,594,431	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #3	$	9,230,769	$	8,846,154	$	8,461,538	$	8,076,923	$	7,692,308	$	7,307,692	$	6,923,076.96	$	6,538,461.58	$	6,153,846.20	$	5,769,230.82	$	5,384,615.44
OBLIGOR #4	$	11,292,550	$	10,871,709	$	10,447,046	$	10,009,339	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #5	$	12,555,645	$	12,555,645	$	12,555,645	$	12,555,645	$	12,198,390	$	11,833,442	$	11,468,786.18	$	11,096,602.85	$	10,724,396.76	$	10,348,376.59	$	9,965,082.55
OBLIGOR #6	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	—	$	—
OBLIGOR #7	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	9,761,673	$	9,761,673	$	9,761,672.83	$	9,761,672.83	$	9,761,672.83	$	9,761,672.83	$	9,761,672.83
OBLIGOR #8	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00	$	14,553,670.20
OBLIGOR #9	$	3,822,324	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000	$	1,000,000	$	966,343	$	933,243	$	899,586	$	865,896.53	$	831,663.58	$	797,375.03	$	762,783.83	$	727,670.14
OBLIGOR #11	$	3,758,211	$	3,563,606	$	3,367,447	$	3,167,242	$	2,968,011	$	2,766,494	$	2,564,156.92	$	2,359,610.96	$	2,154,120.82	$	1,947,038.12	$	1,737,863.78
OBLIGOR #12	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,703,704	$	7,407,407	$	7,111,111.10	$	6,814,814.80	$	6,518,518.50	$	6,222,222.20	$	5,925,925.90
OBLIGOR #13	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #14	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00
OBLIGOR #15	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000.00	$	4,880,239.73	$	4,760,835.31	$	4,640,407.82	$	4,517,665.95
OBLIGOR #16	$	15,000,000	$	15,000,000	$	14,573,778	$	14,128,579	$	13,693,352	$	13,249,064	$	12,804,749.27	$	12,351,575.05	$	11,897,986.29	$	11,439,710.45	$	10,972,885.85
OBLIGOR #17	$	10,000,000	$	10,000,000	$	10,000,000	$	9,711,183	$	9,428,358	$	9,140,353	$	8,852,489.74	$	8,559,565.42	$	8,266,576.13	$	7,971,000.80	$	7,670,547.10
OBLIGOR #18	$	13,749,133	$	13,749,133	$	13,749,133	$	13,749,133	$	11,749,133	$	11,389,840	$	11,030,718.01	$	10,665,362.77	$	10,299,862.99	$	9,931,334.55	$	9,556,937.19
OBLIGOR #18									$	2,000,000	$	2,000,000	$	2,000,000.00	$	2,000,000.00	$	2,000,000.00	$	2,000,000.00	$	2,000,000.00
OBLIGOR #19	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	9,711,251.22	$	9,422,841.86	$	9,131,539.18	$	4,031,539.18
OBLIGOR #20	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000.00	$	7,250,000.00	$	7,250,000.00	$	7,250,000.00	$	7,250,000.00
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,845,939	$	4,690,274	$	4,534,612.35	$	4,377,390.82	$	4,220,112.75	$	4,062,022.08	$	3,902,437.60
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,851,509	$	4,700,720	$	4,549,974.60	$	4,396,987.08	$	4,243,952.75	$	4,089,765.34	$	3,933,422.14
OBLIGOR #22	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000.00	$	6,000,000.00	$	6,000,000.00	$	6,000,000.00	$	6,000,000.00
OBLIGOR #23	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #24	$	8,283,251	$	8,156,689	$	8,030,126	$	7,903,564	$	7,777,001	$	7,608,251	$	—	$	—	$	—	$	—	$	—
OBLIGOR #25	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,900,000	$	7,800,000.00	$	7,700,000.00	$	7,600,000.00	$	7,200,000.00	$	7,100,000.00
OBLIGOR #25	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762.00	$	4,514,762.00	$	4,514,762.00	$	4,514,762.00	$	4,514,762.00
OBLIGOR #26	$	—	$	—	$	—	$	—	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #27	$	—	$	—	$	—	$	—	$	—	$	—	$	7,283,956.19	$	7,063,640.30	$	6,843,463.19	$	6,621,200.52	$	6,394,809.37
OBLIGOR #28	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	10,000,000.00	$	10,000,000.00
TOTAL	$	230,681,409	$	224,940,814	$	222,584,218	$	219,853,292	$	213,275,244	$	210,005,171	$	206,578,601	$	202,809,422	$	199,038,413	$	194,941,027	$	185,845,674

Hercules Capital Funding Trust 2012-1	Page 8 of 8
Monthly Servicing Report for the Collection Period Ending October 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending November 4, 2013

Hercules Capital Funding Trust 2012-1	Page 1 of 8
Monthly Servicing Report for the Collection Period Ending November 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period	October 7, 2013
Last Day of Collection Period	November 4, 2013
Payment Date	November 18, 2013

Available Funds
On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):
Obligor payments
Interest Received	$	1,634,167
Principal Received	$	4,099,288
Other Obligor Payments	$	638,333
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	6,371,788
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	6,371,788

Hercules Capital Funding Trust 2012-1	Page 2 of 8
Monthly Servicing Report for the Collection Period Ending November 4, 2013

Waterfall Calculations

Interest Collections				$	1,634,167
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee—Annual Administrative Fee	$	2,083
US Bank Back Up Servicer—Annual Administrative Fee	$	2,296
US Bank Custodian—Monthly Fees	$	150
US Bank Lockbox Fees	$	259
Wilmington Trust—Owner Trustee Fees
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees				$	4,788
The Servicing Fee shall be equal to the sum of the product of: (i) one-twelfth of 2.00% (or, with respect to the first Collection Period, a fraction equal to the number of days from and including the Cutoff Date through and including January 15, 2013 over 360) and (ii) the Aggregate Outstanding Pool Balance as of the beginning of the related Collection Period.
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	—
First day of collection period		October 7, 2013
Aggregate Outstanding Pool Balance as of beginning of Collection Period	$	196,550,023
Applicable Servicing Fee %		2.00	%
Number of Days to calculate		0.08
Total Servicing Fee				$	327,583
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the Notes
Outstanding Balance of Notes After Last Payment Date	$	95,451,748
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	264,083
Interest unpaid and due from prior payment date	$	—
Plus interest on interest unpaid and due from prior payment date	$	—
Total Accrued Interest Due				$	264,083
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	95,451,748
Target Principal Amortization	$	2,986,838
Principal Payments Received from Principal Collections	$	(2,986,838	)
Principal Payments Received from Reserve Account	$	—
Principal Payments Received from Interest Collections				$	—
Note Balance after Principal Payment				$	92,464,911
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	1,037,713
Principal Collections				$	4,737,621
(1) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	2,986,838
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	875,391
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	875,391

Hercules Capital Funding Trust 2012-1	Page 3 of 8
Monthly Servicing Report for the Collection Period Ending November 4, 2013

Borrowing Base and Required Note Payments

As of:                November 4, 2013

First Day of Collection Period	October 7, 2013
Last Day of Collection Period	November 4, 2013
Payment Date	November 18, 2013

Borrowing Base
Adjusted Pool Balance
Pool Balance	$	181,441,387
Total Excess Concentration Amount	$	(32,304,434	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance	$	149,136,952
Advance Rate		62.0	%
	$	92,464,911
Borrowing Base
Beginning Outstanding Note Balance	$	95,451,748
Rapid Amortization	$	—
Required Payment on Notes	$	2,986,838

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

Reporting Date	Obligor Name	Modification Date	Loan Balance	Total Restructured Amt in last 6 months
N/A

Delinquent Loan
	Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

Defaulted Loan

Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, due under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

Date	Ending Outstanding Note Balances	Borrowing Base	Balance > Borrowing Base
N/A

Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligor Count	Count > 10
N/A

An Event of Default

N/A

Hercules Capital Funding Trust 2012-1	Page 4 of 8
Monthly Servicing Report for the Collection Period Ending November 4, 2013

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending Collection Period Date	Beginning Pool Balance		Ending Pool Balance		Payment Date		Beginning Balance		Principal Payment		Ending Balance		Note Factor		Note Interest Paid		Cumulative Interest Paid
January 4, 2013	$	230,681,409	$	224,940,814		January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957
February 4, 2013	$	224,940,814	$	222,584,218		February 19, 2013		123,518,584		1,576,420		121,942,164		0.9431		375,908		697,865
March 4, 2013	$	222,584,218	$	219,853,292		March 18, 2013		121,942,164		1,890,769		120,051,395		0.9285		337,373		1,035,239
April 4, 2013	$	219,853,292	$	213,275,244		April 16, 2013		120,051,395		5,375,752		114,675,643		0.8869		332,142		1,367,381
May 4, 2013	$	213,275,244	$	210,005,171		May 16, 2013		114,675,643		2,133,032		112,542,610		0.8704		317,269		1,684,650
June 4, 2013	$	210,005,171	$	206,578,601		June 17, 2013		112,542,610		2,273,025		110,269,586		0.8528		311,368		1,996,018
July 3, 2013	$	206,578,601	$	202,809,422		July 16, 2013		110,269,586		2,564,881		107,704,704		0.8330		305,079		2,301,097
August 2, 2013	$	202,809,422	$	199,038,413		August 16, 2013		107,704,704		2,566,154		105,138,550		0.81314		297,983		2,599,080
September 3, 2013	$	199,038,413	$	194,941,027		September 16, 2013		105,138,550		2,664,395		102,474,155		0.79253		290,883		2,889,963
October 4, 2013	$	194,941,027	$	185,845,674		October 16, 2013		102,474,155		7,022,406		95,451,748		0.73822		283,059		3,173,022
November 4, 2013	$	185,845,674	$	181,441,387		November 18, 2013		95,451,748		2,986,838		92,464,911		0.71512		264,083		3,437,106

General Reserve Account
Payment Date	Beginning Balance		Plus: Required Deposits		Plus: Interest		Less: Excess over General Reserve Account Required Balance		Less: Withdrawal for Insufficient Funds for Required Payments		Less: Withdrawal due to Event of Default		Ending Balance		Reserve Balance as a % of the Outstanding Principal Balance of the Notes
January 16, 2013	$	—	$	—	$	—	$	—	$	—	$	—	$	—		0.00	%
February 19, 2013	$	—	$	390,088	$	—	$	—	$	—	$	—	$	390,088		0.32	%
March 16, 2013	$	390,088	$	420,079	$	—	$	—	$	—	$	—	$	810,167		0.66	%
April 16, 2013	$	810,167	$	—	$	—	$	—	$	243,520	$	—	$	566,646		0.47	%
May 16, 2013	$	566,646	$	568,520	$	—	$	—	$	—	$	—	$	1,135,167		0.99	%
June 17, 2013	$	1,135,167	$	522,647	$	—	$	—	$	—	$	—	$	1,657,814		1.47	%
July 16, 2013	$	1,657,814	$	602,149	$	—	$	—	$	—	$	—	$	2,259,963		2.05	%
August 16, 2013	$	2,259,963	$	602,427	$	—	$	—	$	—	$	—	$	2,862,390		2.66	%
September 16, 2013	$	2,862,390	$	769,496	$	—	$	—	$	—	$	—	$	3,631,886		3.45	%
October 16, 2013	$	3,631,886	$	1,036,473	$	—	$	—	$	—	$	—	$	4,668,359		4.56	%
November 18, 2013	$	4,668,359		875,391	$	—	$	—	$	—	$	—	$	5,543,750		5.81	%

Hercules Capital Funding Trust 2012-1	Page 5 of 8
Monthly Servicing Report for the Collection Period Ending November 4, 2013

Pool Balance (by Obligor) Concentration

Obligor Count 23

Loan Status	Loan Balance		% of Loan Balance
Current	$	181,441,387		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	181,441,387		100	%

Concentration Limits percentage of Loan Balance					5	%		23	%		44	%
Concentration Limits in Dollars				$	9,072,069		$	41,731,519		$	79,834,210
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #14				$	(5,927,931	)
OBLIGOR #8				$	(5,035,570	)
OBLIGOR #25				$	(2,442,693	)
OBLIGOR #18				$	(2,177,450	)
OBLIGOR #16				$	(1,432,981	)	$	(20,645,453	)
OBLIGOR #26				$	(927,931	)
OBLIGOR #13				$	(927,931	)
OBLIGOR #23				$	(927,931	)
OBLIGOR #28				$	(927,931	)
OBLIGOR #7				$	(689,603	)				$	(32,304,434	)
OBLIGOR #5				$	(509,212	)
Total				$	(21,927,163	)	$	(20,645,453	)	$	(32,304,434	)
Total Excess Concentration Amount	$	(32,304,434	)
Adjusted Pool Balance	$	149,136,952

Hercules Capital Funding Trust 2012-1	Page 6 of 8
Monthly Servicing Report for the Collection Period Ending November 4, 2013

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Adjustment For Substitution		Other Collections		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	—			$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	—			$	224,940,814	$	2,084,457	$	—	$	7,825,052
February 4, 2013	$	224,940,814	$	2,356,596	$	—			$	222,584,218	$	1,981,727	$	—	$	4,338,323
March 4, 2013	$	222,584,218	$	2,730,927	$	—			$	219,853,292	$	1,770,085	$	—	$	4,501,012
April 4, 2013	$	219,853,292	$	3,900,558	$	2,677,489			$	213,275,244	$	1,935,178	$	18,050	$	5,853,787
May 4, 2013	$	213,275,244	$	3,270,073	$	—			$	210,005,171	$	1,846,576	$	—	$	5,116,649
June 4, 2013	$	210,005,171	$	3,318,319	$	108,251			$	206,578,601	$	1,977,416	$	—	$	5,295,735
July 3, 2013	$	206,578,601	$	3,769,179	$	—			$	202,809,422	$	1,781,618	$	—	$	5,550,798
August 2, 2013	$	202,809,422	$	3,771,009	$	—			$	199,038,413	$	1,805,042	$	—	$	5,576,051
September 3, 2013	$	199,038,413	$	4,097,386	$	—	$	106,000	$	194,941,027	$	1,784,734	$	—	$	5,988,121
October 4, 2013	$	194,941,027	$	9,095,353	$	—			$	185,845,674	$	1,608,996	$	—	$	10,704,349
November 4, 2013	$	185,845,674	$	4,099,288	$	305,000	$	333,333	$	181,441,387	$	1,634,167	$	—	$	6,371,788

Note Balance - Class A Notes
Payment Date	Beginning Principal		Principal Paydown		Ending Balance		Note Factor
December 19, 2012	$	129,300,000			$	129,300,000		1.000000
January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287
February 19, 2013	$	123,518,584	$	1,576,420	$	121,942,164		0.943095
March 18, 2013	$	121,942,164	$	1,890,769	$	120,051,395		0.928472
April 16, 2013	$	120,051,395	$	5,375,752	$	114,675,643		0.886896
May 16, 2013	$	114,675,643	$	2,133,032	$	112,542,610		0.870399
June 17, 2013	$	112,542,610	$	2,273,025	$	110,269,586		0.852820
July 16, 2013	$	110,269,586	$	2,564,881	$	107,704,704		0.832983
August 16, 2013	$	107,704,704	$	2,566,154	$	105,138,550		0.813137
September 16, 2013	$	105,138,550	$	2,664,395	$	102,474,155		0.792530
October 16, 2013	$	102,474,155	$	7,022,406	$	95,451,748		0.738219
November 18, 2013	$	95,451,748	$	2,986,838	$	92,464,911		0.715119

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1	Page 7 of 8
Monthly Servicing Report for the Collection Period Ending November 4, 2013

Pool Balance - End of Period

OBLIGOR NAME	Dec-12		Jan-13		Feb-13		Mar-13		Apr-13		May-13		Jun-13		Jul-13		Aug-13		Sep-13		Oct-13		Nov-13
OBLIGOR #1	$	8,172,429	$	7,861,069	$	7,547,429	$	7,226,148	$	6,907,861	$	6,585,614	$	6,262,638.66	$	5,935,820.87	$	5,608,089.63	$	5,277,959.58	$	4,944,166.98	$	4,609,177.38
OBLIGOR #2	$	5,052,335	$	4,572,047	$	4,087,313	$	3,594,431	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #3	$	9,230,769	$	8,846,154	$	8,461,538	$	8,076,923	$	7,692,308	$	7,307,692	$	6,923,076.96	$	6,538,461.58	$	6,153,846.20	$	5,769,230.82	$	5,384,615.44	$	5,000,000.06
OBLIGOR #4	$	11,292,550	$	10,871,709	$	10,447,046	$	10,009,339	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #5	$	12,555,645	$	12,555,645	$	12,555,645	$	12,555,645	$	12,198,390	$	11,833,442	$	11,468,786.18	$	11,096,602.85	$	10,724,396.76	$	10,348,376.59	$	9,965,082.55	$	9,581,281.54
OBLIGOR #6	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	—	$	—
OBLIGOR #7	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	9,761,673	$	9,761,673	$	9,761,672.83	$	9,761,672.83	$	9,761,672.83	$	9,761,672.83	$	9,761,672.83	$	9,761,672.83
OBLIGOR #8	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00	$	14,553,670.20	$	14,107,639.42
OBLIGOR #9	$	3,822,324	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000	$	1,000,000	$	966,343	$	933,243	$	899,586	$	865,896.53	$	831,663.58	$	797,375.03	$	762,783.83	$	727,670.14	$	692,463.70
OBLIGOR #11	$	3,758,211	$	3,563,606	$	3,367,447	$	3,167,242	$	2,968,011	$	2,766,494	$	2,564,156.92	$	2,359,610.96	$	2,154,120.82	$	1,947,038.12	$	1,737,863.78	$	1,527,555.09
OBLIGOR #12	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,703,704	$	7,407,407	$	7,111,111.10	$	6,814,814.80	$	6,518,518.50	$	6,222,222.20	$	5,925,925.90	$	5,629,629.60
OBLIGOR #13	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #14	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00	$	15,000,000.00
OBLIGOR #15	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000.00	$	4,880,239.73	$	4,760,835.31	$	4,640,407.82	$	4,517,665.95	$	4,395,154.97
OBLIGOR #16	$	15,000,000	$	15,000,000	$	14,573,778	$	14,128,579	$	13,693,352	$	13,249,064	$	12,804,749.27	$	12,351,575.05	$	11,897,986.29	$	11,439,710.45	$	10,972,885.85	$	10,505,050.64
OBLIGOR #17	$	10,000,000	$	10,000,000	$	10,000,000	$	9,711,183	$	9,428,358	$	9,140,353	$	8,852,489.74	$	8,559,565.42	$	8,266,576.13	$	7,971,000.80	$	7,670,547.10	$	7,369,710.99
OBLIGOR #18	$	13,749,133	$	13,749,133	$	13,749,133	$	13,749,133	$	11,749,133	$	11,389,840	$	11,030,718.01	$	10,665,362.77	$	10,299,862.99	$	9,931,334.55	$	9,556,937.19	$	9,249,519.39
OBLIGOR #18									$	2,000,000	$	2,000,000	$	2,000,000.00	$	2,000,000.00	$	2,000,000.00	$	2,000,000.00	$	2,000,000.00	$	2,000,000.00
OBLIGOR #19	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	9,711,251.22	$	9,422,841.86	$	9,131,539.18	$	4,031,539.18	$	—
OBLIGOR #20	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000.00	$	7,250,000.00	$	7,250,000.00	$	7,250,000.00	$	7,250,000.00	$	7,250,000.00
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,845,939	$	4,690,274	$	4,534,612.35	$	4,377,390.82	$	4,220,112.75	$	4,062,022.08	$	3,902,437.60	$	3,742,705.60
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,851,509	$	4,700,720	$	4,549,974.60	$	4,396,987.08	$	4,243,952.75	$	4,089,765.34	$	3,933,422.14	$	3,776,894.97
OBLIGOR #22	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000.00	$	6,000,000.00	$	6,000,000.00	$	6,000,000.00	$	6,000,000.00	$	5,833,332.33
OBLIGOR #23	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #24	$	8,283,251	$	8,156,689	$	8,030,126	$	7,903,564	$	7,777,001	$	7,608,251	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #25	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,900,000	$	7,800,000.00	$	7,700,000.00	$	7,600,000.00	$	7,200,000.00	$	7,100,000.00	$	7,000,000.00
OBLIGOR #25	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762.00	$	4,514,762.00	$	4,514,762.00	$	4,514,762.00	$	4,514,762.00	$	4,514,762.00
OBLIGOR #26	$	—	$	—	$	—	$	—	$	10,000,000	$	10,000,000	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #27	$	—	$	—	$	—	$	—	$	—	$	—	$	7,283,956.19	$	7,063,640.30	$	6,843,463.19	$	6,621,200.52	$	6,394,809.37	$	6,168,296.95
OBLIGOR #28	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	10,000,000.00	$	10,000,000.00	$	10,000,000.00
OBLIGOR #29	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	3,726,539.18
TOTAL	$	230,681,409	$	224,940,814	$	222,584,218	$	219,853,292	$	213,275,244	$	210,005,171	$	206,578,601	$	202,809,422	$	199,038,413	$	194,941,027	$	185,845,674	$	181,441,387

Hercules Capital Funding Trust 2012-1	Page 8 of 8
Monthly Servicing Report for the Collection Period Ending November 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

Prepared: For the collection period ending December 4, 2013

Hercules Capital Funding Trust 2012-1	Page 1 of 8
Monthly Servicing Report for the Collection Period Ending December 4, 2013

Monthly Servicer Report

On Behalf of Hercules Capital Funding Trust 2012-1

First Day of Collection Period	November 5, 2013
Last Day of Collection Period	December 4, 2013
Payment Date	December 16, 2013

Available Funds
On each Payment Date, payments on the Notes will be made from the following sources (collectively, “Available Funds”):
Obligor payments
Interest Received	$	1,573,172
Principal Received	$	4,282,874
Other Obligor Payments	$	80,000
Obligor payments received with respect to the Loans during the preceding Collection Period;	$	5,936,046
Liquidation proceeds received with respect to the Loans during the preceding Collection Period;	$	—
Interest earned on funds on deposit in the Collection Account, the Interest Reserve Account and the Expense
Reserve Account;
Proceeds from any optional sale of Loans;	$	—
Payments made by the Seller, the Depositor or the Servicer in connection with the required repurchase or purchase of Loans; and	$	—
Scheduled Payment Advances	$	—
Total Available Funds	$	5,936,046

Hercules Capital Funding Trust 2012-1	Page 2 of 8
Monthly Servicing Report for the Collection Period Ending December 4, 2013

Waterfall Calculations

Interest Collections				$	1,573,172
(1) Trustee, the Owner Trustee, the Backup Servicer, the Custodian and the Lockbox Bank, pro rata, any accrued and unpaid fees, expenses and indemnities then due to each of them with rolling twelve-month limit of $500K
US Bank Trustee—Annual Administrative Fee	$	2,083
US Bank Back Up Servicer—Annual Administrative Fee	$	2,884
US Bank Custodian—Monthly Fees	$	150
US Bank Lockbox Fees	$	210
Independent Accountant Audit Fee	$	27,500
Total due to Trustee/Owner Trustee/Backup Servicer/Custodian/Lockbox Bank fees/Independent Accountant				$	32,827
The Servicing Fee shall be equal to the sum of the product of: (i) one-twelfth of 2.00% (or, with respect to the first Collection Period, a fraction equal to the number of days from and including the Cutoff Date through and including January 15, 2013 over 360) and (ii) the Aggregate Outstanding Pool Balance as of the beginning of the related Collection Period.
(2) Servicer or any Successor Servicer, any previously unreimbursed Scheduled Payment Advances, Servicing Advances, the Servicing Fee for the related calendar month, any supplemental servicing fees for the related calendar month, any reimbursements for mistaken deposits and other related amounts and certain other amounts due on the Loans that the Servicer is entitled to retain; to the Seller, amounts deposited into the Lockbox Account but not related to interest, principal or extension fees due on the Loans; a one-time servicer engagement fee to the Backup Servicer (upon becoming Successor Servicer) of $125K; and costs and expenses, if any, incurred by the Trustee or by any Successor Servicer (including the Backup Servicer) in connection with the transfer of servicing to any Successor Servicer, which shall not exceed $50K for a servicing transfer to the Backup Servicer or 175K to any other Successor Servicer				$	—
First day of collection period		November 5, 2013
Aggregate Outstanding Pool Balance as of beginning of Collection Period	$	187,813,174
Applicable Servicing Fee %		2.00	%
Number of Days to calculate		0.08
Total Servicing Fee				$	313,022
(3) Accrued interest due on the Notes, which is the sum of (i) the aggregate amount of interest due and accrued for the related Interest Period on the Notes; and (ii) the excess, if any, of the amount of interest remaining due and payable on the Notes on prior Payment Dates over the amounts in respect of interest actually paid on the Notes on such Payment Dates, plus interest on any such shortfall at the interest rate for the Notes
Outstanding Balance of Notes After Last Payment Date	$	92,464,911
Applicable Rate		3.32	%
Interest due and accrued for related interest period	$	255,820
Interest unpaid and due from prior payment date	$	—
Plus interest on interest unpaid and due from prior payment date	$	—
Total Accrued Interest Due				$	255,820
(4) Principal on the Notes in the amounts required under “Principal Collections” below, but only to the extent not paid in full from Principal Collections
Outstanding Balance of Notes After Last Payment Date	$	92,464,911
Target Principal Amortization	$	2,907,939
Principal Payments Received from Principal Collections	$	(2,907,939	)
Principal Payments Received from Reserve Account	$	—
Principal Payments Received from Interest Collections				$	—
Note Balance after Principal Payment				$	89,556,972
(5) Pay each of the Trustee, the Owner Trustee, the Backup Servicer, any Successor Servicer, the Custodian and the Lockbox Bank, pro rata, any fees and expenses then due to such party that are in excess of the related cap or annual limitation				$	—
(6) Pay all remaining amounts to the Certificateholder				$	971,503
Principal Collections				$	4,362,874
(1) Pay the amounts under “Interest Collections”, but only to the extent not paid in full from Interest Collections				$	—
(2) (A) for so long as no Rapid Amortization Event has occurred, to pay principal on the Notes in an amount equal to the excess, if any, of the outstanding principal amount of the Notes over the Borrowing Base and (B) following the occurrence of any Rapid Amortization Event, to pay outstanding principal on the Notes until the outstanding principal balance of the Notes is reduced to zero				$	2,907,939
(3) Pay the remaining outstanding principal balance of the Notes on the Legal Final Payment Date				$	—
(4) The amount on deposit in the Reserve Account is less than the Reserve Account Required Balance, to the Reserve Account, fifty percent (50%) of any remaining Principal Collections until amounts on deposit in the Reserve Account equal the Reserve Account Required Balance				$	727,468
(5) Pay the amounts referred to in clause (5) under “Interest Collections” above, but only to the extent not paid in full from Interest Collections;				$	—
(6) Pay all remaining amounts to the Certificateholder				$	727,468

Hercules Capital Funding Trust 2012-1	Page 3 of 8
Monthly Servicing Report for the Collection Period Ending December 4, 2013

Borrowing Base and Required Note Payments

As of:                December 4, 2013

First Day of Collection Period	November 5, 2013
Last Day of Collection Period	December 4, 2013
Payment Date	December 16, 2013

Borrowing Base
Adjusted Pool Balance
Pool Balance	$	177,158,512
Total Excess Concentration Amount	$	(32,711,783	)
Outstanding Balance of all Delinquent Loans	$	—
Outstanding Balance of all Restructured Loans	$	—
Total Adjusted Pool Balance	$	144,446,729
Advance Rate		62.0	%
	$	89,556,972
Borrowing Base
Beginning Outstanding Note Balance	$	92,464,911
Rapid Amortization	$	—
Required Payment on Notes	$	2,907,939

Rapid Amortization Event
Restructured Loan
	Loan that has been, or in accordance with the Credit Monitoring Guidelines is required to be, modified or restructured to extend the maturity thereof or reduce the amount (other than by reason of the repayment thereof) or extend the time for payment of principal thereof, in each case as a result of the Obligor’s material financial underperformance, distress or default. Such Loan shall cease to be a Restructured Loan when such Loan has been performing for at least six consecutive months since the date the most recent modification was made and is no longer required to be so modified or restructured in accordance with the Credit Monitoring Guidelines.

Reporting Date	Obligor Name	Modification Date	Loan Balance	Total Restructured Amt in last 6 months
N/A

Delinquent Loan
	Loan which is more than forty-five (45) days delinquent in payment; provided, however, that any Loan that has been substituted and replaced by the Issuer with a Substitute Loan pursuant to Section 2.04 and Section 2.06 will not be deemed to be a Delinquent Loan.

	Days of Delinquency
	31 to 59		60 to 89		90+		Total
N/A	$	—	$	—	$	—	$	—
Total	$	—	$	—	$	—	$	—

Defaulted Loan

Loan in the Collateral as to which the earliest of the following has occurred: (i) any payment, or any part of any payment in excess of 90%, due under such Loan (taking into account any waivers or modifications granted by the Servicer on such Loan) has become 120 days or more delinquent, whether or not the Servicer has foreclosed upon the related Collateral or if the related obligor is insolvent or has declared bankruptcy and the Loan is more than 180 days delinquent; (ii) the Servicer has foreclosed upon and sold the related collateral; (iii) 90 days has elapsed since the related Collateral was foreclosed upon by the Servicer; or (iv) the Servicer has determined in accordance with its customary practices that the Loan is uncollectible or the final recoverable amounts have been received.

Reporting Date	Obligor Name	Defaulted Date	Loan Balance	Days of Default
N/A

Aggregate Outstanding Principal Balance of the Notes exceeds the Borrowing Base for a period of three (3) consecutive calendar months

Date	Ending Outstanding Note Balances	Borrowing Base	Balance > Borrowing Base
N/A

Loans in the Collateral consist of Loans to 10 or fewer Obligors

	Obligor Count	Count > 10
N/A

An Event of Default

N/A

Hercules Capital Funding Trust 2012-1	Page 4 of 8
Monthly Servicing Report for the Collection Period Ending December 4, 2013

Pool Balance, Note and General Reserve Schedules

Pool Balance					Note Balances
Ending Collection Period Date	Beginning Pool Balance		Ending Pool Balance		Payment Date		Beginning Balance		Principal Payment		Ending Balance		Note Factor		Note Interest Paid		Cumulative Interest Paid
January 4, 2013	$	230,681,409	$	224,940,814		January 16, 2013		129,300,000		5,781,416		123,518,584		0.9553		321,957		321,957
February 4, 2013	$	224,940,814	$	222,584,218		February 19, 2013		123,518,584		1,576,420		121,942,164		0.9431		375,908		697,865
March 4, 2013	$	222,584,218	$	219,853,292		March 18, 2013		121,942,164		1,890,769		120,051,395		0.9285		337,373		1,035,239
April 4, 2013	$	219,853,292	$	213,275,244		April 16, 2013		120,051,395		5,375,752		114,675,643		0.8869		332,142		1,367,381
May 4, 2013	$	213,275,244	$	210,005,171		May 16, 2013		114,675,643		2,133,032		112,542,610		0.8704		317,269		1,684,650
June 4, 2013	$	210,005,171	$	206,578,601		June 17, 2013		112,542,610		2,273,025		110,269,586		0.8528		311,368		1,996,018
July 3, 2013	$	206,578,601	$	202,809,422		July 16, 2013		110,269,586		2,564,881		107,704,704		0.8330		305,079		2,301,097
August 2, 2013	$	202,809,422	$	199,038,413		August 16, 2013		107,704,704		2,566,154		105,138,550		0.81314		297,983		2,599,080
September 3, 2013	$	199,038,413	$	194,941,027		September 16, 2013		105,138,550		2,664,395		102,474,155		0.79253		290,883		2,889,963
October 4, 2013	$	194,941,027	$	185,845,674		October 16, 2013		102,474,155		7,022,406		95,451,748		0.73822		283,059		3,173,022
November 4, 2013	$	185,845,674	$	181,441,387		November 18, 2013		95,451,748		2,986,838		92,464,911		0.71512		264,083		3,437,106
December 4, 2013	$	181,441,387	$	177,158,512		December 16, 2013		92,464,911		2,907,939		89,556,972		0.69263		255,820		3,692,925

General Reserve Account
Payment Date	Beginning Balance		Plus: Required Deposits		Plus: Interest		Less: Excess over General Reserve Account Required Balance		Less: Withdrawal for Insufficient Funds for Required Payments		Less: Withdrawal due to Event of Default		Ending Balance		Reserve Balance as a % of the Outstanding Principal Balance of the Notes
January 16, 2013	$	—	$	—	$	—	$	—	$	—	$	—	$	—		0.00	%
February 19, 2013	$	—	$	390,088	$	—	$	—	$	—	$	—	$	390,088		0.32	%
March 16, 2013	$	390,088	$	420,079	$	—	$	—	$	—	$	—	$	810,167		0.66	%
April 16, 2013	$	810,167	$	—	$	—	$	—	$	243,520	$	—	$	566,646		0.47	%
May 16, 2013	$	566,646	$	568,520	$	—	$	—	$	—	$	—	$	1,135,167		0.99	%
June 17, 2013	$	1,135,167	$	522,647	$	—	$	—	$	—	$	—	$	1,657,814		1.47	%
July 16, 2013	$	1,657,814	$	602,149	$	—	$	—	$	—	$	—	$	2,259,963		2.05	%
August 16, 2013	$	2,259,963	$	602,427	$	—	$	—	$	—	$	—	$	2,862,390		2.66	%
September 16, 2013	$	2,862,390	$	769,496	$	—	$	—	$	—	$	—	$	3,631,886		3.45	%
October 16, 2013	$	3,631,886	$	1,036,473	$	—	$	—	$	—	$	—	$	4,668,359		4.56	%
November 18, 2013	$	4,668,359	$	875,391	$	—	$	—	$	—	$	—	$	5,543,750		5.81	%
December 16, 2013	$	5,543,750	$	727,468	$	—	$	—	$	—	$	—	$	6,271,218		6.78	%

Hercules Capital Funding Trust 2012-1	Page 5 of 8
Monthly Servicing Report for the Collection Period Ending December 4, 2013

Pool Balance (by Obligor) Concentration

Obligor Count 23

Loan Status	Loan Balance		% of Loan Balance
Current	$	177,158,512		100	%
Restructured	$	—		0	%
Defaulted	$	—		0	%
Delinquent	$	—		0	%
TOTAL	$	177,158,512		100	%

Concentration Limits percentage of Loan Balance					5	%		23	%		44	%
Concentration Limits in Dollars				$	8,857,926		$	40,746,458		$	77,949,745
				Single Obligor			Top Five			Top Ten
Excess Concentration
OBLIGOR #14				$	(6,142,074	)
OBLIGOR #8				$	(4,796,505	)
OBLIGOR #25				$	(2,556,836	)
OBLIGOR #18				$	(1,943,858	)
OBLIGOR #16				$	(1,170,954	)	$	(20,153,398	)
OBLIGOR #26				$	(1,142,074	)
OBLIGOR #13				$	(1,142,074	)
OBLIGOR #23				$	(1,142,074	)
OBLIGOR #28				$	(1,142,074	)
OBLIGOR #7				$	(903,747	)				$	(32,711,783	)
OBLIGOR #5				$	(332,455	)
Total				$	(22,414,727	)	$	(20,153,398	)	$	(32,711,783	)
Total Excess Concentration Amount	$	(32,711,783	)
Adjusted Pool Balance	$	144,446,729

Hercules Capital Funding Trust 2012-1	Page 6 of 8
Monthly Servicing Report for the Collection Period Ending December 4, 2013

Pool Balance and Note Schedules

Pool Balance
Ending Collection Period Date	Beginning Principal		Principal Collections*		Adjustment For Substitution		Other Collections		Ending Balance		Collateral Interest Received		Other Collections		Total Collections
December 19, 2012	$	230,681,409	$	—	$	—			$	230,681,409	$	—	$	—	$	—
January 4, 2013	$	230,681,409	$	5,740,595	$	—			$	224,940,814	$	2,084,457	$	—	$	7,825,052
February 4, 2013	$	224,940,814	$	2,356,596	$	—			$	222,584,218	$	1,981,727	$	—	$	4,338,323
March 4, 2013	$	222,584,218	$	2,730,927	$	—			$	219,853,292	$	1,770,085	$	—	$	4,501,012
April 4, 2013	$	219,853,292	$	3,900,558	$	2,677,489			$	213,275,244	$	1,935,178	$	18,050	$	5,853,787
May 4, 2013	$	213,275,244	$	3,270,073	$	—			$	210,005,171	$	1,846,576	$	—	$	5,116,649
June 4, 2013	$	210,005,171	$	3,318,319	$	108,251			$	206,578,601	$	1,977,416	$	—	$	5,295,735
July 3, 2013	$	206,578,601	$	3,769,179	$	—			$	202,809,422	$	1,781,618	$	—	$	5,550,798
August 2, 2013	$	202,809,422	$	3,771,009	$	—			$	199,038,413	$	1,805,042	$	—	$	5,576,051
September 3, 2013	$	199,038,413	$	4,097,386	$	—	$	106,000	$	194,941,027	$	1,784,734	$	—	$	5,988,120
October 4, 2013	$	194,941,027	$	9,095,353	$	—			$	185,845,674	$	1,608,996	$	—	$	10,704,349
November 4, 2013	$	185,845,674	$	4,099,288	$	305,000	$	333,333	$	181,441,387	$	1,634,167	$	—	$	6,371,788
December 4, 2013	$	181,441,387	$	4,282,874	$	—	$	80,000	$	177,158,512	$	1,573,172	$	—	$	5,936,046

Note Balance - Class A Notes
Payment Date	Beginning Principal		Principal Paydown		Ending Balance		Note Factor
December 19, 2012	$	129,300,000			$	129,300,000		1.000000
January 16, 2013	$	129,300,000	$	5,781,416	$	123,518,584		0.955287
February 19, 2013	$	123,518,584	$	1,576,420	$	121,942,164		0.943095
March 18, 2013	$	121,942,164	$	1,890,769	$	120,051,395		0.928472
April 16, 2013	$	120,051,395	$	5,375,752	$	114,675,643		0.886896
May 16, 2013	$	114,675,643	$	2,133,032	$	112,542,610		0.870399
June 17, 2013	$	112,542,610	$	2,273,025	$	110,269,586		0.852820
July 16, 2013	$	110,269,586	$	2,564,881	$	107,704,704		0.832983
August 16, 2013	$	107,704,704	$	2,566,154	$	105,138,550		0.813137
September 16, 2013	$	105,138,550	$	2,664,395	$	102,474,155		0.792530
October 16, 2013	$	102,474,155	$	7,022,406	$	95,451,748		0.738219
November 18, 2013	$	95,451,748	$	2,986,838	$	92,464,911		0.715119
December 16, 2013	$	92,464,911	$	2,907,939	$	89,556,972		0.692629

* Principal Collections can potentially include fees and other payments

Hercules Capital Funding Trust 2012-1	Page 7 of 8
Monthly Servicing Report for the Collection Period Ending December 4, 2013

Pool Balance—End of Period

OBLIGOR NAME	Dec-12		Jan-13		Feb-13		Mar-13		Apr-13		May-13		Jun-13		Jul-13		Aug-13		Sep-13		Oct-13		Nov-13		Dec-13
OBLIGOR #1	$	8,172,429	$	7,861,069	$	7,547,429	$	7,226,148	$	6,907,861	$	6,585,614	$	6,262,639	$	5,935,821	$	5,608,090	$	5,277,960	$	4,944,167	$	4,609,177	$	4,270,648
OBLIGOR #2	$	5,052,335	$	4,572,047	$	4,087,313	$	3,594,431	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #3	$	9,230,769	$	8,846,154	$	8,461,538	$	8,076,923	$	7,692,308	$	7,307,692	$	6,923,077	$	6,538,462	$	6,153,846	$	5,769,231	$	5,384,615	$	5,000,000	$	4,615,385
OBLIGOR #4	$	11,292,550	$	10,871,709	$	10,447,046	$	10,009,339	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #5	$	12,555,645$		12,555,645	$	12,555,645	$	12,555,645	$	12,198,390	$	11,833,442	$	11,468,786	$	11,096,603	$	10,724,397	$	10,348,377	$	9,965,083	$	9,581,282	$	9,190,380
OBLIGOR #6	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	—	$	—			$	—
OBLIGOR #7	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	9,761,673	$	9,761,673	$	9,761,673	$	9,761,673	$	9,761,673	$	9,761,673	$	9,761,673	$	9,761,673	$	9,761,673
OBLIGOR #8	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	14,553,670	$	14,107,639	$	13,654,431
OBLIGOR #9	$	3,822,324	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #10	$	1,000,000	$	1,000,000	$	1,000,000	$	966,343	$	933,243	$	899,586	$	865,897	$	831,664	$	797,375	$	762,784	$	727,670	$	692,464	$	656,749
OBLIGOR #11	$	3,758,211	$	3,563,606	$	3,367,447	$	3,167,242	$	2,968,011	$	2,766,494	$	2,564,157	$	2,359,611	$	2,154,121	$	1,947,038	$	1,737,864	$	1,527,555	$	1,315,235
OBLIGOR #12	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,703,704	$	7,407,407	$	7,111,111	$	6,814,815	$	6,518,519	$	6,222,222	$	5,925,926	$	5,629,630	$	5,333,333
OBLIGOR #13	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #14	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000	$	15,000,000
OBLIGOR #15	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,880,240	$	4,760,835	$	4,640,408	$	4,517,666	$	4,395,155	$	4,270,380
OBLIGOR #16	$	15,000,000	$	15,000,000	$	14,573,778	$	14,128,579	$	13,693,352	$	13,249,064	$	12,804,749	$	12,351,575	$	11,897,986	$	11,439,710	$	10,972,886	$	10,505,051	$	10,028,879
OBLIGOR #17	$	10,000,000	$	10,000,000	$	10,000,000	$	9,711,183	$	9,428,358	$	9,140,353	$	8,852,490	$	8,559,565	$	8,266,576	$	7,971,001	$	7,670,547	$	7,369,711	$	7,064,121
OBLIGOR #18	$	13,749,133	$	13,749,133	$	13,749,133	$	13,749,133	$	11,749,133	$	11,389,840	$	11,030,718	$	10,665,363	$	10,299,863	$	9,931,335	$	9,556,937	$	9,249,519	$	8,801,783
OBLIGOR #18									$	2,000,000	$	2,000,000	$	2,000,000	$	2,000,000	$	2,000,000	$	2,000,000	$	2,000,000	$	2,000,000	$	2,000,000
OBLIGOR #19	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	9,711,251	$	9,422,842	$	9,131,539	$	4,031,539	$	—	$	—
OBLIGOR #20	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000	$	7,250,000
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,845,939	$	4,690,274	$	4,534,612	$	4,377,391	$	4,220,113	$	4,062,022	$	3,902,438	$	3,742,706	$	3,581,525
OBLIGOR #21	$	5,000,000	$	5,000,000	$	5,000,000	$	5,000,000	$	4,851,509	$	4,700,720	$	4,549,975	$	4,396,987	$	4,243,953	$	4,089,765	$	3,933,422	$	3,776,895	$	3,618,270
OBLIGOR #22	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	6,000,000	$	5,833,332	$	5,666,665
OBLIGOR #23	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #24	$	8,283,251	$	8,156,689	$	8,030,126	$	7,903,564	$	7,777,001	$	7,608,251	$	—	$	—	$	—	$	—	$	—	$	—	$	—
OBLIGOR #25	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	8,000,000	$	7,900,000	$	7,800,000	$	7,700,000	$	7,600,000	$	7,200,000	$	7,100,000	$	7,000,000	$	6,900,000
OBLIGOR #25	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762	$	4,514,762
OBLIGOR #26	$	—	$	—	$	—	$	—	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #27	$	—	$	—	$	—	$	—	$	—	$	—	$	7,283,956	$	7,063,640	$	6,843,463	$	6,621,201	$	6,394,809	$	6,168,297	$	5,937,754
OBLIGOR #28	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	10,000,000	$	10,000,000	$	10,000,000	$	10,000,000
OBLIGOR #29	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	3,726,539	$	3,726,539
TOTAL	$	230,681,409	$	224,940,814	$	222,584,218	$	219,853,292	$	213,275,244	$	210,005,171	$	206,578,601	$	202,809,422	$	199,038,413	$	194,941,027	$	185,845,674	$	181,441,387	$	177,158,512

Hercules Capital Funding Trust 2012-1	Page 8 of 8
Monthly Servicing Report for the Collection Period Ending December 4, 2013

EX-99.2

Exhibit 99.2

Abbreviated Quarterly Report

On Behalf of Funding Trust 2012-1

For the fiscal quarter ending March 31, 2013

Prepared: June 13, 2013

Table of Contents

Obligor Credit Information	2
Loan Information	3

Attached:

Monthly Servicer Reports for the three collection periods ending March 4, 2013

Obligor Credit Information

								Data as of 3-31-13
Obligor CODE	Industry Sector	SubSector	Credit Score at Closing		Current Credit Score		Investment Stage at Closing	Current Stage (as defined by equity round raised/Public/Other (LMM)	Equity Raised to Date		Current Valuation ($mm) Post Money (Private), Market Cap (Public), EV (Other)		Statement Date		Period	LTM Revenues (All Obligors, $000s)		Total Senior Debt (All Obligors, $000s)		TTM/Annualized EBITDA
OBLIGOR #1	Pharmaceuticals	Drug Delivery		2		2	Public	Public		156,676,000		331.8		3/31/2013	LTM		3,005		14,210		NM
OBLIGOR #2	Pharmaceuticals	Drug Delivery		2		1	Public	Public		337,843,000		75.3		3/31/2013	LTM		2,915		4,873		NM
OBLIGOR #3	Clean Tech	Clean Tech		2		2	Public	Public		913,110,000		180.1		3/31/2013	LTM		87,577		18,016		NM
OBLIGOR #4	Pharmaceuticals	Drug Discovery & Development		2		1	Public	Public		301,180,000		87.0		3/31/2013	LTM		—		18,390		NM
OBLIGOR #5	Pharmaceuticals	Drug Discovery & Development		2		2	Public	Public		439,173,000		121.3		3/31/2013	LTM		18,749		26,390		NM
OBLIGOR #6	Technology	Software		1		1	Series E	Series E		283,423,566		1,228.0		3/31/2013	LTM		69,250		30,800		NM
OBLIGOR #7	Pharmaceuticals	Drug Discovery & Development		1		1	Public	Public		179,986,460		168.1		3/31/2013	LTM		—		10,000		NM
OBLIGOR #8	Pharmaceuticals	Drug Discovery & Development		2		2	Public	Public		119,740,000		253.0		3/31/2013	LTM		—		14,280		NM
OBLIGOR #9	Pharmaceuticals	Biotechnology Tools		1		N/A- Paid Off	Series A	N/A- Paid Off		N/A- Paid Off		N/A- Paid Off		N/A- Paid Off	N/A- Paid Off		N/A- Paid Off		N/A- Paid Off		N/A- Paid Off
OBLIGOR #10	Technology	Information Services		3		4	Series A	Series A		7,739,904		21.5		3/31/2013	LTM		1,212		2,380		NM
OBLIGOR #11	Clean Tech	Clean Tech		2		1	Public	Public		185,670,000		255.58		3/31/2013	LTM		220,039		10,490		NM
OBLIGOR #12	Clean Tech	Clean Tech		2		2	Series C	Series C		46,518,489		153.2		3/31/2013	LTM		2,510		7,757		NM
OBLIGOR #13	Pharmaceuticals	Drug Discovery & Development		1		1	Public	Public		455,725,000		236.4		3/31/2013	LTM		—		19,520		NM
OBLIGOR #14	Pharmaceuticals	Drug Delivery		1		1	Series B	Series B		17,319,335		45.4		3/31/2013	LTM		39,979		15,000		NA
OBLIGOR #15	Medical Device	Biotechnology Tools		2		2	Series C	Series D		53,849,310		85.6		3/31/2013	LTM		24,043		5,308		NM
OBLIGOR #16	Technology	Communications & Networking		3		3	Series E	Series E		123,900,000		485.0		3/31/2013	LTM		166,423		21		(25,128	)
OBLIGOR #17	Medical Device	Therapeutic		2		3	Series C	Series C		59,827,598		81.8		3/31/2013	LTM		14		23		NM
OBLIGOR #18	Technology	Internet Consumer & Business Services		2		2	Series C	Series C		45,311,779		193.8		3/31/2013	LTM		65,313		16,549		8,745
OBLIGOR #19	Pharmaceuticals	Diagnostic		2		3	Series E	Series E		148,108,419		103.0		3/31/2013	LTM		13,687		10,000		NM
OBLIGOR #20	Medical Device	Surgical Devices		2		2	Series C	Series D		75,306,027		77.9		3/31/2013	LTM		5,644		7,191		NM
OBLIGOR #21	Technology	Internet Consumer & Business Services		1		1	Public	Public		200,320,000		867.7		3/31/2013	LTM		79,925		9,941		NM
OBLIGOR #22	Medical Device	Medical Device & Equipment		2		2	Series G	Series G		48,889,757.0		68.9		3/31/2013	LTM		9,413		9,170		NM
OBLIGOR #23	Technology	Internet Consumer & Business Services		2		2	Series B	Series B		27,018,085		41.3		3/31/2013	LTM		26,065		11,107		NM
OBLIGOR #24	Middle Market	Media/Content/Info		2		2	Other	Other		43,697,000		68.2		3/31/2013	LTM		91,185		27,546		10,656
OBLIGOR #25	Middle Market	Internet Consumer & Business Services		2		2	Other	Other		12,188,332		24.8		3/31/2013	LTM		16,767		14,862		4,385

Page 2

Loan Information as of March 31, 2013

Per LSA

Obligor CODE

Status (Active - Initial Pool, Active - Substitute)

Date of Substitution(1)

Cash Yield

Fixed / Floating

Loan Status (Current, Delinquent, Defaulted, Prepaid, Repaid, Repurchased, Substituted)

Prepayment Date

Prepayment Amount (Principal + Final Payment + Prepayment Penalty + Success Fee)

Date of Payment Default

Days Past Due

OBLIGOR #1

Active - Initial Pool

8.50

%

Floating

Current

OBLIGOR #2

Active - Initial Pool

(4/3/2013

)

10.75

%

Floating

Current

OBLIGOR #3

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #4

Active - Initial Pool

(4/3/2013

)

10.55

%

Floating

Current

OBLIGOR #5

Active - Initial Pool

11.90

%

Floating

Current

OBLIGOR #6

Active - Initial Pool

8.88

%

Floating

Current

OBLIGOR #7

Active - Initial Pool

9.55

%

Floating

Current

OBLIGOR #8

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #9

Active - Initial Pool

13.50

%

Floating

Prepaid

12/10/2013

$

3,909,219

OBLIGOR #10

Active - Initial Pool

10.25

%

Floating

Current

OBLIGOR #11

Active - Initial Pool

9.00

%

Floating

Current

OBLIGOR #12

Active - Initial Pool

10.00

%

Floating

Current

OBLIGOR #13

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #14

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #15

Active - Initial Pool

9.95

%

Floating

Current

OBLIGOR #16

Active - Initial Pool

12.00

%

Floating

Current

OBLIGOR #17

Active - Initial Pool

10.25

%

Floating

Current

OBLIGOR #18

Active - Initial Pool

10.13

%

Floating

Current

OBLIGOR #18

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #19

Active - Initial Pool

11.65

%

Floating

Current

OBLIGOR #20

Active - Initial Pool

12.95

%

Fixed

Current

OBLIGOR #21

Active - Initial Pool

6.00

%

Floating

Current

OBLIGOR #21

Active - Initial Pool

8.75

%

Floating

Current

OBLIGOR #22

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #23

Active - Initial Pool

9.50

%

Floating

Current

OBLIGOR #24

Active - Initial Pool

(5/29/2013

)

10.00

%

Floating

Current

OBLIGOR #25

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #25

Active - Initial Pool

10.25

%

Floating

Current

(1) Further information regarding the substitutions of Obligor #2, #4 and #24 will be reflected in the second quarterly servicing report as well as the monthly servicing reports issued for April, May and June of FY 2013.

Page 3

Abbreviated Quarterly Report

On Behalf of Funding Trust 2012-1

For the fiscal quarter ending June 30, 2013

Prepared: September 12, 2013

Table of Contents

Obligor Credit Information	2
Loan Information	3

Attached:

Monthly Servicer Reports for the three collection periods ending June 4, 2013

Obligor Credit Information

Data as of 6-30-13

Obligor CODE

Industry Sector

Credit Score at Closing

Current Credit Score

Investment Stage at Closing

Current Stage (as defined by equity round raised/Public/Other (LMM)

Equity Raised to Date

Current Valuation ($mm) Post Money (Private), Market Cap (Public), EV (Other)

Statement Date

Period

LTM Revenues (All Obligors, $000s)

Total Senior Debt (All Obligors, $000s)

TTM/Annualized EBITDA

OBLIGOR #1

Pharmaceuticals

2

2

Public

Public

158,278,000

347.0

6/30/2013

LTM

3,188

12.39

NM

OBLIGOR #2

Pharmaceuticals

2

N/A- Paid Off

Public

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

OBLIGOR #3

Clean Tech

2

2

Public

Public

928,417,000

138.4

6/30/2013

LTM

81,789

35.00

NM

OBLIGOR #4

Pharmaceuticals

2

N/A- Paid Off

Public

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

OBLIGOR #5

Pharmaceuticals

2

2

Public

Public

495,199,000

128.6

6/30/2013

LTM

17,196

23.89

NM

OBLIGOR #6

Technology

1

1

Series E

Series E

283,423,566

1,228.0

6/30/2013

LTM

83,766

30.76

NM

OBLIGOR #7

Pharmaceuticals

1

1

Public

Public

2,345,954,000

257.8

6/30/2013

LTM

4,568

15.00

NM

OBLIGOR #8

Pharmaceuticals

2

2

Public

Public

152,270,000

254.6

6/30/2013

LTM

—

14.77

NM

OBLIGOR #9

Pharmaceuticals

1

N/A- Paid Off

Series A

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

OBLIGOR #10

Technology

3

4

Series A

Series B

7,994,211

21.5

6/30/2013

LTM

1,264

0.90

NM

OBLIGOR #11

Clean Tech

2

1

Public

Public

188,082,000

295.8

6/30/2013

LTM

222,125

9.90

NM

OBLIGOR #12

Clean Tech

2

2

Series C

Series C-1

46,509,257

186.8

6/30/2013

LTM

2,926

7.41

NM

OBLIGOR #13

Pharmaceuticals

1

1

Public

Public

463,264,000

382.7

6/30/2013

LTM

—

20.00

NM

OBLIGOR #14

Pharmaceuticals

1

1

Series B

Series B

17,316,986

45.6

6/30/2013

LTM

42,695

15.00

NM

OBLIGOR #15

Medical Device

2

2

Series C

Series D

53,412,629

85.3

6/30/2013

LTM

24,121

5.00

NM

OBLIGOR #16

Technology

3

3

Series E

Series E

129,159,649

449.0

6/30/2013

LTM

4,052

13.25

NM

OBLIGOR #17

Medical Device

2

3

Series C

Series C

59,827,598

81.8

6/30/2013

LTM

43.3

9.64

NM

OBLIGOR #18

Technology

2

3

Series C

Series C

44,339,529

133.0

6/30/2013

LTM

64,061

16.39

6.63

OBLIGOR #19

Pharmaceuticals

2

2

Series E

Series 1

148,121,973

55.0

6/30/2013

LTM

12,385

10.00

NM

OBLIGOR #20

Medical Device

2

1

Series C

Series E

103,031,715

175.0

6/30/2013

LTM

4,952

7.25

NM

OBLIGOR #21

Technology

1

1

Public

Public

252,475,000

797.6

6/30/2013

LTM

92,813

10.07

NM

OBLIGOR #22

Medical Device

2

2

Series G

Series G

55,434,043.0

76.6

6/30/2013

LTM

9,072

10.00

NM

OBLIGOR #23

Technology

2

2

Series B

Series B

27,126,237

139.19

6/30/2013

LTM

26,111

10.00

NM

OBLIGOR #24

Middle Market

2

N/A- Paid Off

Other

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

OBLIGOR #25

Middle Market

2

2

Other

Other

12,188,332

34.9

6/30/2013

LTM

21,465

12.40

4.49

OBLIGOR #26

Pharmaceuticals

N/A

2

N/A

Public

1,877,099,000

113.1

6/30/2013

LTM

1,432

10.00

NM

OBLIGOR #27

Technology

N/A

2

N/A

Public

337,872,000

52.1

6/30/2013

LTM

94,196

12.91

NM

Page 2

Loan Information as of June 30, 2013

Per LSA

Obligor CODE

Status (Active - Initial Pool, Active - Substitute)

Date of Substitution

Cash Yield

Fixed / Floating

Loan Status (Current, Delinquent, Defaulted, Prepaid, Repaid, Repurchased, Substituted)

Prepayment Date

Prepayment Amount (Principal + Final Payment + Prepayment Penalty + Success Fee)

Date of Payment Default

Days Past Due

OBLIGOR #1

Active - Initial Pool

8.50

%

Floating

Current

OBLIGOR #3

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #5

Active - Initial Pool

11.90

%

Floating

Current

OBLIGOR #6

Active - Initial Pool

8.88

%

Floating

Current

OBLIGOR #7

Active - Initial Pool

9.55

%

Floating

Current

OBLIGOR #8

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #10

Active - Initial Pool

10.25

%

Floating

Current

OBLIGOR #11

Active - Initial Pool

9.00

%

Floating

Current

OBLIGOR #12

Active - Initial Pool

10.00

%

Floating

Current

OBLIGOR #13

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #14

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #15

Active - Initial Pool

9.95

%

Floating

Current

OBLIGOR #16

Active - Initial Pool

12.00

%

Floating

Current

OBLIGOR #17

Active - Initial Pool

10.25

%

Floating

Current

OBLIGOR #18

Active - Initial Pool

10.13

%

Floating

Current

OBLIGOR #18

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #19

Active - Initial Pool

11.65

%

Floating

Current

OBLIGOR #20

Active - Initial Pool

12.95

%

Fixed

Current

OBLIGOR #21

Active - Initial Pool

6.00

%

Floating

Current

OBLIGOR #21

Active - Initial Pool

8.75

%

Floating

Current

OBLIGOR #22

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #23

Active - Initial Pool

9.50

%

Floating

Current

OBLIGOR #25

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #25

Active - Initial Pool

10.25

%

Floating

Current

OBLIGOR #26

Active - Substitute

4/3/2013

12.50

%

Floating

Current

OBLIGOR #27

Active - Substitute

5/29/2013

11.00

%

Floating

Current

Page 3

Abbreviated Quarterly Report

On Behalf of Funding Trust 2012-1

For the fiscal quarter ending September 30, 2013

Prepared: December 11, 2013

Table of Contents

Obligor Credit Information	2
Loan Information	3

Attached:

Monthly Servicer Reports for the three collection periods ending September 4, 2013

Obligor Credit Information

Data as of 9-30-13

Obligor CODE

Industry Sector

SubSector

Credit Score at Closing

Current Credit Score

Investment Stage at Closing

Current Stage (as defined by equity round raised/Public/Other (LMM)

Equity Raised to Date (in millions)

Current Valuation (in millions) Post Money (Private), Market Cap (Public), EV (Other)

Statement Date

Period

LTM Revenues (in thousands)

Total Senior Debt (in millions)

TTM/Annualized EBITDA (in thousands)

OBLIGOR #1

Pharmaceuticals

Drug Delivery

2

1

Public

Public

209.2

454.1

9/30/2013

LTM

3,570

10.52

NM

OBLIGOR #2

Pharmaceuticals

Drug Delivery

2

N/A- Substituted

Public

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

OBLIGOR #3

Clean Tech

Clean Tech

2

2

Public

Public

936.4

143.0

9/30/2013

LTM

85,103

16.18

NM

OBLIGOR #4

Pharmaceuticals

Drug Discovery & Development

2

N/A- Substituted

Public

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

OBLIGOR #5

Pharmaceuticals

Drug Discovery & Development

2

3

Public

Public

495.2

106.8

9/30/2013

LTM

16,501

21.73

NM

OBLIGOR #6

Technology

Software

1

N/A- Substituted

Series E

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

OBLIGOR #7

Pharmaceuticals

Drug Discovery & Development

1

1

Public

Public

234.6

381.7

9/30/2013

LTM

5,740

15.00

NM

OBLIGOR #8

Pharmaceuticals

Drug Discovery & Development

2

1

Public

Public

152.3

249.6

9/30/2013

LTM

—

14.77

NM

OBLIGOR #9

Pharmaceuticals

Biotechnology Tools

1

N/A- Paid Off

Series A

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

OBLIGOR #10

Technology

Information Services

3

5

Series A

Series A

8.0

21.5

9/30/2013

LTM

1,554

0.76

NM

OBLIGOR #11

Clean Tech

Clean Tech

2

1

Public

Public

190.5

339.1

9/30/2013

LTM

223,741

9.29

NM

OBLIGOR #12

Clean Tech

Clean Tech

2

2

Series C

Series C-1

58.3

193.5

9/30/2013

LTM

2,983

6.14

NM

OBLIGOR #13

Pharmaceuticals

Drug Discovery & Development

1

1

Public

Public

532.5

609.0

9/30/2013

LTM

11,500

20.00

NM

OBLIGOR #14

Pharmaceuticals

Drug Delivery

1

1

Series B

Series B

17.3

45.6

9/30/2013

LTM

50,599

14.76

NM

OBLIGOR #15

Medical Device

Biotechnology Tools

2

2

Series C

Series D

53.4

85.6

9/30/2013

LTM

26,275

4.62

NM

OBLIGOR #16

Technology

Communications & Networking

3

3

Series E

Series E

129.2

449.0

9/30/2013

LTM

3,118

11.44

NM

OBLIGOR #17

Medical Device

Therapeutic

2

3

Series C

Series C

59.8

81.8

9/30/2013

LTM

58

8.77

NM

OBLIGOR #18

Technology

Internet Consumer & Business Services

2

3

Series C

Series C

44.3

110.0

9/30/2013

LTM

60,626

14,917.0

6,076.0

OBLIGOR #19

Pharmaceuticals

Diagnostic

2

N/A- Substituted

Series A

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

OBLIGOR #20

Medical Device

Surgical Devices

2

1

Series C

Series E

103.0

175.0

9/30/2013

LTM

5,276

7.25

NM

OBLIGOR #21

Technology

Internet Consumer & Business Services

1

1

Public

Public

465.0

1,781.1

9/30/2013

LTM

114,600

8.15

NM

OBLIGOR #22

Medical Device

Medical Device & Equipment

2

3

Series G

Series G

55.4

76.6

9/30/2013

LTM

8,215

10.00

NM

OBLIGOR #23

Technology

Internet Consumer & Business Services

2

2

Series B

Series B

27

137.96

9/30/2013

LTM

26,351

10.00

NM

OBLIGOR #24

Middle Market

Media/Content/Info

2

N/A- Substituted

Other

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

OBLIGOR #25

Middle Market

Internet Consumer & Business Services

2

2

Other

Other

12.2

32.2

9/30/2013

LTM

21,670

11.79

3.4

OBLIGOR #26

Pharmaceuticals

Drug Discovery & Development

N/A

2

N/A

Public

1,900.7

172.6

9/30/2013

LTM

1,794

10.00

NM

OBLIGOR #27

Technology

Electronics & Computer Hardware

N/A

2

N/A

Public

345.6

45.9

9/30/2013

LTM

97,519

11.24

NM

OBLIGOR #28

Technology

Clean Tech

N/A

2

N/A

Series C

137.0

246.4

9/30/2013

LTM

NM

10.00

NM

OBLIGOR #29

Pharmaceuticals

Drug Discovery & Development

N/A

2

N/A

Series C

46.8

236.1

9/30/2013

LTM

NM

10.00

NM

Page 2

Loan Information as of September 30, 2013

Per LSA

Obligor CODE

Status (Active - Initial Pool, Active - Substitute)

Date of Substitution

Cash Yield

Fixed / Floating

Loan Status (Current, Delinquent, Defaulted, Prepaid, Repaid, Repurchased, Substituted)

Prepayment Date

Prepayment Amount (Principal + Final Payment + Prepayment Penalty + Success Fee)

Date of Payment Default

Days Past Due

OBLIGOR #1

Active - Initial Pool

8.50

%

Floating

Current

OBLIGOR #3

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #5

Active - Initial Pool

11.90

%

Floating

Current

OBLIGOR #7

Active - Initial Pool

9.55

%

Floating

Current

OBLIGOR #8

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #10

Active - Initial Pool

10.25

%

Floating

Current

OBLIGOR #11

Active - Initial Pool

9.00

%

Floating

Current

OBLIGOR #12

Active - Initial Pool

10.00

%

Floating

Current

OBLIGOR #13

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #14

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #15

Active - Initial Pool

9.95

%

Floating

Current

OBLIGOR #16

Active - Initial Pool

12.00

%

Floating

Current

OBLIGOR #17

Active - Initial Pool

10.25

%

Floating

Current

OBLIGOR #18

Active - Initial Pool

10.13

%

Floating

Current

OBLIGOR #18

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #19

Inactive - Initial Pool

10/29/2013

11.65

%

Floating

Substituted

OBLIGOR #20

Active - Initial Pool

12.95

%

Fixed

Current

OBLIGOR #21

Active - Initial Pool

6.00

%

Floating

Current

OBLIGOR #21

Active - Initial Pool

8.75

%

Floating

Current

OBLIGOR #22

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #23

Active - Initial Pool

9.50

%

Floating

Current

OBLIGOR #25

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #25

Active - Initial Pool

10.25

%

Floating

Current

OBLIGOR #26

Active - Substitute

4/3/2013

12.25

%

Floating

Current

OBLIGOR #27

Active - Substitute

5/29/2013

11.00

%

Floating

Current

OBLIGOR #28

Active - Substitute

8/6/2013

11.00

%

Floating

Current

OBLIGOR #29

Active - Substitute

10/29/2013

11.85

%

Floating

Current

Page 3

Abbreviated Quarterly Report

On Behalf of Funding Trust 2012-1

For the fiscal quarter ending December 31, 2013

Prepared: March 14, 2014

Table of Contents

Obligor Credit Information	2
Loan Information	3

Attached:

Monthly Servicer Reports for the three collection periods ending December 4, 2013

Obligor Credit Information

Data as of 12-31-13

Obligor CODE

Industry Sector

SubSector

Credit Score at Closing

Current Credit Score

Investment Stage at Closing

Current Stage (as defined by equity round raised/Public/Other (LMM)

Equity Raised to Date (in millions)

Current Valuation (in millions) Post Money (Private), Market Cap (Public), EV (Other)

Statement Date

Period

LTM Revenues (in thousands)

Total Senior Debt (in millions)

TTM/Annualized EBITDA (in thousands)

OBLIGOR #1

Pharmaceuticals

Drug Delivery

2

N/A- Paid Off

Public

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

OBLIGOR #2

Pharmaceuticals

Drug Delivery

2

N/A- Substituted

Public

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

OBLIGOR #3

Clean Tech

Clean Tech

2

3

Public

Public

936.4

111.8

12/31/2013

LTM

88,249

14.6

NM

OBLIGOR #4

Pharmaceuticals

Drug Discovery & Development

2

N/A- Substituted

Public

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

OBLIGOR #5

Pharmaceuticals

Drug Discovery & Development

2

3

Public

Public

495.2

99.4

12/31/2013

LTM

1,294

19.2

NM

OBLIGOR #6

Technology

Software

1

N/A- Substituted

Series E

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

OBLIGOR #7

Pharmaceuticals

Drug Discovery & Development

1

1

Public

Public

234.6

381.7

12/31/2013

LTM

7,771

15.0

NM

OBLIGOR #8

Pharmaceuticals

Drug Discovery & Development

2

N/A- Paid Off

Public

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

OBLIGOR #9

Pharmaceuticals

Biotechnology Tools

1

N/A- Paid Off

Series A

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

OBLIGOR #10

Technology

Information Services

3

5

Series A

Series A

8.0

21.5

12/31/2013

LTM

3,475

0.7

NM

OBLIGOR #11

Clean Tech

Clean Tech

2

1

Public

Public

193.1

357.3

12/31/2013

LTM

232,846

8.7

NM

OBLIGOR #12

Clean Tech

Clean Tech

2

2

Series C

Series C-1

58.3

199.3

12/31/2013

LTM

2,181

7.9

NM

OBLIGOR #13

Pharmaceuticals

Drug Discovery & Development

1

1

Public

Public

534.8

664.9

12/31/2013

LTM

11,500

20.0

NM

OBLIGOR #14

Pharmaceuticals

Drug Delivery

1

1

Series B

Series B

17.3

45.6

12/31/2013

LTM

15,305

15.0

NM

OBLIGOR #15

Medical Device

Biotechnology Tools

2

2

Series C

Series D

53.4

85.6

12/31/2013

LTM

31,930

4.3

NM

OBLIGOR #16

Technology

Communications & Networking

3

2

Series E

Series A (Recap)

183.4

179.2

12/31/2013

LTM

2,839

10.1

NM

OBLIGOR #17

Medical Device

Therapeutic

2

4

Series C

Series C

59.8

83.6

12/31/2013

LTM

70

7.6

NM

OBLIGOR #18

Technology

Internet Consumer & Business Services

2

3

Series C

Series C

44.3

110.0

12/31/2013

LTM

59,499

13.7

6,737

OBLIGOR #19

Pharmaceuticals

Diagnostic

2

N/A- Substituted

Series A

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

OBLIGOR #20

Medical Device

Surgical Devices

2

1

Series C

Series E

103.0

175.0

12/31/2013

LTM

5,033

7.6

NM

OBLIGOR #21

Technology

Internet Consumer & Business Services

1

N/A- Paid Off

Public

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

N/A- Paid Off

OBLIGOR #22

Medical Device

Medical Device & Equipment

2

2

Series G

Series A (Recap)

64.4

85.9

12/31/2013

LTM

7,617

5.7

NM

OBLIGOR #23

Technology

Internet Consumer & Business Services

2

2

Series B

Series B

27.1

138.0

12/31/2013

LTM

27,206

10.0

NM

OBLIGOR #24

Middle Market

Media/Content/Info

2

N/A- Substituted

Other

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

N/A- Substituted

OBLIGOR #25

Middle Market

Internet Consumer & Business Services

2

3

Other

Other

12.2

29.7

12/31/2013

LTM

20,262

12.8

2,206

OBLIGOR #26

Pharmaceuticals

Drug Discovery & Development

N/A

2

N/A

Public

1,933.3

277.9

12/31/2013

LTM

34,678

15.0

NM

OBLIGOR #27

Technology

Electronics & Computer Hardware

N/A

2

N/A

Public

345.6

43.0

12/31/2013

LTM

75,651

6.0

NM

OBLIGOR #28

Technology

Clean Tech

N/A

2

N/A

Series C

140.2

246.4

12/31/2013

LTM

NM

10.0

NM

OBLIGOR #29

Pharmaceuticals

Drug Discovery & Development

N/A

2

N/A

Series C

203.1

270.9

12/31/2013

LTM

4,720

10.0

NM

Page 2

Loan Information as of December 31, 2013

Per LSA

Obligor CODE

Status (Active - Initial Pool, Active - Substitute)

Date of Substitution

Cash Yield

Fixed / Floating

Loan Status (Current, Delinquent, Defaulted, Prepaid, Repaid, Repurchased, Substituted)

Prepayment Date

Prepayment Amount (Principal + Final Payment + Prepayment Penalty + Success Fee)

Date of Payment Default

Days Past Due

OBLIGOR #1

Inactive - Initial Pool

8.50

%

Floating

Prepaid

12/16/2013

$

4,285,773

OBLIGOR #2

Inactive - Initial Pool

(4/3/2013

)

10.75

%

Floating

Current

OBLIGOR #3

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #4

Inactive - Initial Pool

(4/3/2013

)

10.55

%

Floating

Current

OBLIGOR #5

Active - Initial Pool

11.90

%

Floating

Current

OBLIGOR #6

Inactive - Initial Pool

(8/6/2013

)

8.88

%

Floating

Substituted

OBLIGOR #7

Active - Initial Pool

9.55

%

Floating

Current

OBLIGOR #8

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #9

Inactive - Initial Pool

13.50

%

Floating

Prepaid

12/10/2012

$

3,909,219

OBLIGOR #10

Active - Initial Pool

10.25

%

Floating

Current

OBLIGOR #11

Active - Initial Pool

9.00

%

Floating

Current

OBLIGOR #12

Active - Initial Pool

10.00

%

Floating

Current

OBLIGOR #13

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #14

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #15

Active - Initial Pool

9.95

%

Floating

Current

OBLIGOR #16

Active - Initial Pool

12.00

%

Floating

Current

OBLIGOR #17

Active - Initial Pool

10.25

%

Floating

Current

OBLIGOR #18

Active - Initial Pool

10.13

%

Floating

Current

OBLIGOR #18

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #19

Inactive - Initial Pool

(10/29/2013

)

11.65

%

Floating

Substituted

OBLIGOR #20

Active - Initial Pool

12.95

%

Fixed

Current

OBLIGOR #21

Inactive - Initial Pool

6.00

%

Floating

Prepaid

12/17/2003

$

3,591,075

OBLIGOR #21

Inactive - Initial Pool

8.75

%

Floating

Prepaid

12/17/2003

$

3,632,341

OBLIGOR #22

Active - Initial Pool

11.00

%

Floating

Current

OBLIGOR #23

Active - Initial Pool

9.50

%

Floating

Current

OBLIGOR #24

Inactive - Initial Pool

(5/29/2013

)

10.00

%

Floating

Substituted

OBLIGOR #25

Active - Initial Pool

9.25

%

Floating

Current

OBLIGOR #25

Active - Initial Pool

10.25

%

Floating

Current

OBLIGOR #26

Active - Substitute

4/3/2013

12.25

%

Floating

Current

OBLIGOR #27

Active - Substitute

5/29/2013

11.00

%

Floating

Current

OBLIGOR #28

Active - Substitute

8/6/2013

11.00

%

Floating

Current

OBLIGOR #29

Active - Substitute

10/29/2013

11.85

%

Floating

Current

Page 3