Exhibit 99.1

  WAGEWORKS SECURES $20 MILLION CREDIT FACILITY FROM HERCULES TECHNOLOGY GROWTH
                                  CAPITAL, INC.

  FUNDING TO SUPPORT CONTINUED GROWTH AND MARKET LEADERSHIP IN SPENDING ACCOUNT
                                   MANAGEMENT

    PALO ALTO, Calif., July 25 /PRNewswire-FirstCall/ -- Hercules Technology
Growth Capital (Nasdaq: HTGC) announces that on May 27, 2005 it entered into an
agreement to provide a $20 million credit facility to WageWorks, Inc., the
leading provider of spending account management services nationwide. The
facility will be available to further the company's growth strategy.

    (Logo:  http://www.newscom.com/cgi-bin/prnh/20050609/SFTH149LOGO )
    "We are pleased to assist WageWorks in consolidating its leadership
position in this important market for convenient and consumer-friendly health
spending administration," said Kathy Conte, managing director at Hercules
Technology Growth Capital, Inc.

    WageWorks, in addition to its two recent acquisitions, also introduced the
Health Care Choice Account, the industry's first comprehensive, fully-integrated
solution that puts employers and employees in control when offering and using
consumer-driven health care spending accounts.

    "We are excited about our financial partnership with Hercules," said Scott
Halstead, CEO of WageWorks. "This availability of capital provides us added
flexibility to expand our presence and enable more employers to deliver on the
promise of consumer-directed health care."

    About Hercules Technology Growth Capital, Inc.
    Founded in December 2003, Hercules Technology Growth Capital, Inc. is a
publicly traded specialized finance company providing debt and equity growth
capital to technology-related companies at all stages of development. The
company primarily finances privately-held companies backed by leading venture
capital and private equity firms and may also finance certain publicly-traded
companies. Hercules focuses its investments on companies active in life sciences
and technology industry sub-sectors, characterized by products or services that
require advanced technologies including computer software and hardware,
networking systems, semiconductors, semiconductor capital equipment, information
technology infrastructure or services, Internet consumer and business services,
telecommunications, telecommunications equipment, and media. The Company is
based in Palo Alto, CA and has offices in Chicago and Boston. For more
information or companies interested in learning more about financing
opportunities should contact info@herculestech.com or call at 650-289-3060 or
visit http://www.herculestech.com .


    About WageWorks, Inc.
    The leading provider of tax-advantaged spending accounts, WageWorks'
industry-leading offering is now available to an eligible population in excess
of seven million employees, the majority being Fortune 500 companies. Leading
employers including Bank of America, Bank of New York, Ernst & Young, LLP,
Limited Brands, Pfizer Inc., Pitney Bowes, the State of New York, Tribune
Company, Union Pacific Corporation and The United States Postal Service have
sought out WageWorks to provide spending account solutions.

    WageWorks is headquartered in San Mateo, California, with offices in
Chicago, Mequon, WI, New York, Phoenix, Troy, Michigan and Washington D.C. For
more information, please visit the web site at www.wageworks.com, email
WageWorks at info@wageworks.com or call 866-602-3887.

SOURCE  Hercules Technology Growth Capital, Inc.
    -0-                             07/25/2005
    /CONTACT:  Scott Harvey, Chief Legal Officer of Hercules Technology Growth
Capital, Inc., +1-650-289-3078/
    /Photo:  http://www.newscom.com/cgi-bin/prnh/20050609/SFTH149LOGO
                AP Archive:  http://photoarchive.ap.org
                PRN Photo Desk photodesk@prnewswire.com/
    /Web site:  http://www.herculestech.com