Key Takeaways:

Key Point 📌 Details
🏦 What is Spartan Capital? An alternative business funding firm headquartered in Middletown, NY, specializing in revenue-based financing (RBF) and merchant cash advances (MCAs).
⚙️ How it Works Provides business funding between $5,000 – $1,000,000, often delivered in as little as 8 hours. Repayment is tied to a percentage of business revenue, aligning payments with cash flow instead of fixed installments.
📋 Qualifications Established businesses with consistent revenue and good payment history; credit score is less critical than revenue performance.
👍 Advantages Fast access to capital, flexible repayment terms, engaged communication, and a focus on long-term client relationships.
👎 Disadvantages Limited product offerings (mainly MCAs/RBF), higher costs compared to traditional loans, and a lack of upfront transparency on rates/terms.
🧐 Legitimacy A legitimate funding firm registered as Spartan Capital Group LLC, with a BBB listing and partnerships that confirm credibility.
💬 Customer Reviews Positive reviews emphasize fast funding and transparency; negative reviews highlight high costs and a limited product range.
🚪 If Denied Denials may occur due to insufficient revenue, risk concerns, or a poor payment history. Alternatives include exploring funding marketplaces for broader options.
UCS Rating 3 out of 5. A viable option for fast funding, but limited transparency and product variety prevent it from scoring higher.

Small businesses often need capital to maintain operations, cover working capital needs, or seize growth opportunities. Unfortunately, traditional financing options, such as bank loans, can be difficult to access, especially for entrepreneurs with limited credit or insufficient collateral.

Spartan Capital logo, Spartan Capital review,

That’s where alternative business lending solutions step in. Firms like Spartan Capital offer flexible and fast business funding, designed to help small and medium-sized businesses (SMBs) grow when other resources may be unavailable. However, as with any financing option, it’s essential to carefully weigh the advantages, disadvantages, and terms before making a decision.

In this review, we’ll explore how Spartan Capital works, including the available options, pros and cons, and application process to help you decide if it’s right for your small business. Specifically, we’ll answer these questions and more:

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    What is Spartan Capital?

    Spartan Capital is an alternative financing firm headquartered in Middletown, New York. Founded to provide small businesses with access to working capital, the company positions itself as a partner for entrepreneurs who may not qualify for traditional bank loans. It originally launched in New Jersey.

    Spartan can provide fast, flexible, and transparent business financing options that allow capital to work for businesses. Rather than offering large, institutional-style loans, the firm focuses on more practical funding options tailored to real-world small business concerns.

    Spartan Capital brings extensive experience working with a diverse range of small businesses and leverages its expertise to develop tailored funding solutions that address unique entrepreneurial challenges. Spartan specializes in executing numerous smaller transactions for high-performing SMBs across multiple industries, including restaurant, retail, dental, medical, pet-related services, and manufacturing.

    The company emphasizes transparency and communication, proactively communicating with clients to identify and resolve any issues that may arise during the financing process, and working to keep clients informed and engaged throughout the process.

    How does Spartan Capital Business Funding work?

    Spartan Capital operates primarily through revenue-based financing (RBF), which means repayment is tied to a percentage of the business’s ongoing revenue, rather than a fixed monthly installment. This flexible approach helps align repayment schedules with a business’s cash flow. Small business owners can use the funding to invest in their business’s future.

    Spartan Capital offers revenue-based financing (RBF) specifically tailored to meet the needs of small and medium-sized businesses (SMBs). This allows entrepreneurs to access capital without the rigid repayment forms of traditional loans.

    Spartan Capital can deliver business funding in as little as eight hours for amounts ranging from $5,000 to $1,000,000. In most cases, Spartan Capital is prepared to provide same-day business funding, so your business can access capital as soon as today.

    The firm’s services are designed for SMBs across industries that need quick access to working capital for payroll, inventory purchases, marketing, or unexpected expenses. Spartan also emphasizes its ability to consult with clients, understand their needs, and provide advice on structuring deals.

    Working Capital Solutions

    For many entrepreneurs, the most pressing need is working capital—cash on hand to cover everyday expenses while preparing for future growth. Spartan Capital offers funding solutions designed to give small business owners the flexibility to manage immediate needs while still investing in long-term success.

    With Spartan’s revenue-based financing, repayment is adjusted to match business performance. That means when revenue is substantial, payments may increase, and when sales slow down, payments decrease. This structure makes it easier for clients to stay on track without overextending their resources.

    Small business owners can utilize Spartan Capital’s funding to invest in payroll, purchase inventory, expand their marketing efforts, or cover unexpected costs. Since funds can be delivered the same day, entrepreneurs can respond quickly to new opportunities or challenges.

    What are the qualifications for Spartan Capital?

    Spartan Capital does not publish rigid qualification requirements, such as minimum credit scores or revenue thresholds. However, applicants should expect to provide documentation about their business, account history, and recent cash flow.

    Spartan Capital will also verify the applicant’s identity and business information to ensure security and compliance before proceeding with the application. Certain information and business criteria are required for Spartan Capital to evaluate and approve funding applications.

    In general, the firm looks for:

    • Established businesses with consistent revenue
    • Entrepreneurs who can demonstrate good customer relationships
    • Clients with the ability to grow and repay advances based on revenue
    • Companies seeking flexible, short-term financing rather than long-term, low-interest loans

    Because Spartan’s process is revenue-based, businesses with strong sales but less-than-perfect credit may still qualify. However, those with litigation concerns, high-risk industries, or poor prior payment histories may face difficulties in approval.

    For Spartan Capital, You Need to Know That:

    Before deciding, there are several essential considerations small business owners should understand about working with Spartan. Spartan has chosen to exclusively partner with ethical and reliable organizations to minimize risk and provide a higher quality flow of deals.

    Spartan maintains regular and proactive communications with clients to keep them informed and engaged, maintaining a strong relationship built on trust. Spartan’s current portfolio focuses on merchants with a positive track record of good payment history with prior financing providers. In fact, a strong payment history is a key factor in Spartan Capital’s evaluation process when assessing borrower quality and transaction reliability.

    Spartan focuses on developing and sustaining long-term relationships with the clients to whom it offers Merchant Cash Advances (MCAs).

    Spartan Capital offers a small business loan affiliate program. ISOs and business loan brokers can sign up on the company’s website.

    How to apply to Spartan Capital:

    The small business loan application process with Spartan Capital is relatively straightforward compared to traditional financing. To ensure a smooth approval process, applicants should follow Spartan Capital’s application guidelines closely. Here’s a step-by-step guide:

    Step 1: Prepare Your Business Information

    Gather documentation about your business, including recent bank statements, revenue reports, and any existing financing forms. Spartan will require proof of a steady income.

    Step 2: Contact Spartan Capital

    Submit an online inquiry through Spartan’s website or call their New York-based office directly. A representative will respond to discuss your business funding needs and next steps.

    Step 3: Consult with a Funding Specialist

    A Spartan consultant will review your information, respond to your questions, and provide advice about which financing option fits your goals.

    Step 4: Receive a Funding Decision

    If approved, Spartan will present terms for a revenue-based advance. Clients must carefully review the terms, paying attention to interest rates, commissions, repayment schedules, and risk factors.

    Step 5: Access Your Funds

    Once you sign the agreement, Spartan can deliver funds within hours.

    Spartan Capital, Post-Funding

    After funding, businesses repay Spartan through revenue-based deductions. Payments are typically structured as daily or weekly withdrawals from the client’s business account. This allows repayment to rise and fall in proportion to ongoing revenue.

    Spartan maintains a consultative relationship even after funds are delivered, staying engaged and informed about the business’s growth. Spartan has helped clients and referral partners navigate challenging times, such as economic downturns, by providing essential funding and ongoing support. Clients may be eligible for renewal deals once a portion of the original advance has been repaid. Early payoff discounts and prepayment options vary, so applicants should contact Spartan directly for details.

    What are the advantages of Spartan Capital?

    The main advantage of Spartan Capital is speed. Businesses that need capital quickly can receive funding the same day, often within just eight hours. The revenue-based model provides flexibility for entrepreneurs with fluctuating income.

    Spartan’s funding can also be used to hire new employees and attract top talent, supporting business growth. Spartan also emphasizes transparency, customer service, and long-term relationships, which many clients find reassuring.

    What are the disadvantages of Spartan Capital?

    The disadvantages primarily revolve around the limited range of financing products. Spartan is heavily focused on merchant cash advances and revenue-based financing, which often come with higher costs than traditional loans.

    The lack of publicly available information about rates, terms, and repayment structures makes it difficult for entrepreneurs to prepare thoroughly for these financial commitments. Additionally, small businesses facing litigation or operating in industries subject to strict regulations may find Spartan less accessible.

    Spartan Capital Pros & Cons

    Pros

    • Provides same-day funding, often within hours.
    • Offers flexible repayment tied to revenue.
    • Serves a wide range of industries.
    • Maintains transparent and engaged client communication.
    • Focuses on building long-term relationships.

    Cons

    • Limits options to merchant cash advances and RBF.
    • Fails to disclose costs and interest upfront clearly.
    • Excludes startups and businesses with inconsistent revenue.
    • Requires higher overall repayment compared to traditional loans.

    Apply for business funding through United Capital Source today.

    Spartan Capital Frequently Asked Questions

    Is Spartan Capital legit?

    Yes, Spartan Capital is a legitimate business funding firm. It is headquartered in Middletown, NY, and is registered as Spartan Capital Group LLC. The company has a verified profile with the Better Business Bureau (BBB), and its partnerships with organizations like Percent further support its credibility. While every funding option carries risk, Spartan Capital is not a scam.

    What do Spartan Capital reviews typically focus on?

    What do Spartan Capital reviews typically focus on?

    The image depicts various chat bubbles, each containing 2 to 5 stars, symbolizing mixed reviews for a product. This visual representation highlights the diverse opinions of customers, reflecting their experiences and insights into the quality and services offered by the business. Talk

    Spartan Capital reviews are mixed. Overall, reviews suggest that Spartan is a reliable option for businesses that require immediate access to capital, but it may not always be the most affordable long-term financing solution.

    Positive Reviews

    Many positive reviews highlight the firm’s fast delivery of funds, engaged employees, and willingness to provide advice and consultative services. Entrepreneurs appreciate the transparency and trust they feel when working with Spartan representatives.

    Negative Reviews

    On the negative side, some customers express concerns about the high overall cost of merchant cash advances. Others feel the firm should provide more upfront information about terms, interest, and repayment forms before businesses make a decision. A few reviews mention difficulty in preparing documents and confusion about commissions.

    What if Spartan Capital denies me?

    Like any lender, Spartan Capital may deny an application if the business doesn’t meet its criteria. Reasons for denial can include insufficient revenue, poor account history, excessive risk, or prior defaults with other financing providers.

    If Spartan denies your application, the denial letter should explain the reasons for the denial, along with tips on how to improve your application and when you can reapply. If not, or if you require additional information, please get in touch with Spartan Capital to speak with a representative.

    Fortunately, small business owners have many lenders to consider if Spartan Capital is not a suitable option. Many alternative lenders offer fast funding solutions and a broader range of financing options. Small business loan marketplaces (like UCS) can help you shop deals from multiple lenders to find the best choice for your needs.

    You may be interested in one of the following small business loan options:

    Making Your Decision

    A confident small business owner stands in their office, reflecting on a recent financial decision that will help grow their business. The atmosphere conveys a sense of success and engagement, highlighting the importance of informed choices in navigating the complexities of business funding and regulations.

    Spartan Capital is a solid option for small businesses that require fast funding and can afford the costs associated with merchant cash advances or revenue-based financing. Its consultative approach and focus on long-term relationships make it appealing to entrepreneurs who value transparency and engaged service. However, the limited range of products and lack of clear upfront rate information mean it isn’t the best fit for every business.

    Based on the available information, we rate Spartan Capital 3 out of 5. It’s a viable solution for merchant cash advances, but the lack of transparency and limited funding options hold it back.

    Disclaimer: The Spartan Capital trademark is owned by Spartan Business Solutions LLC, and its use herein is for reference purposes only, and it does not indicate sponsorship or endorsement from Spartan Business Solutions LLC.

    Apply for business funding through United Capital Source today.

    Why Choose United Capital Source?

    Why businesses choose UCS:

    1
    Quick funding options that won’t affect credit
    2
    Access to 75+ lenders with multiple products to choose from
    3
    Financing up to $5 million in as few as 3 days
    4
    1500+ 5 star reviews from happy clients!

    Ready to grow your business? See how much you qualify for:

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      How much Working Capital would you like for your business?

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        Current monthly sales deposit average to your business bank account?

        How much Working Capital would you like for your business?

        At UCS, we understand the value of your time and want to ensure that your application has a great chance of approval. Please take note of the following details before applying:
        • To be eligible, it’s necessary to have a business bank account with a well-established U.S. bank such as Chase, Wells Fargo, Bank of America, Citibank, or other major banks. Unfortunately, online-based bank accounts like PayPal, Chime, CashApp, etc., are not permitted.
        • When describing your current average monthly sales deposits to your business bank account, please provide accurate information. Our approval process is based on your current business performance, and it’s essential to provide accurate details about your current sales in the first question on the application form. We cannot approve applications based on projected revenues after receiving funding.
        We appreciate your understanding and cooperation in ensuring a smooth and successful application process.
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        1500+ 5 star reviews
        5/5
        1500+ 5 star reviews

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