| Key Point | Details |
| 🏦 What Spartan Capital Is | A small business funding company headquartered in Hazlet, New Jersey, founded in 2016 and writing revenue-based financing alongside four other products. |
| ⚠️ Two Different Companies | Spartan Capital Securities, a separate New York broker-dealer, carries its own regulatory record. It has no affiliation with the funding company reviewed here, and searchers routinely confuse the two. |
| 💵 Funding Range | Between $5,000 and $500,000 across the product set, though the line of credit tops out at $250,000 rather than the $500,000 headline figure. |
| ⏱️ Decision And Funding Times | Approval decisions inside one hour, with funding quoted between two and 24 hours depending on which page of Spartan’s site you read. |
| 🔍 Price Disclosure | No factor rate, APR, or fee schedule appears anywhere on Spartan’s website. New York borrowers are entitled to APR and finance charge on the written offer regardless. |
| 📋 Qualifying Signals | Underwriting reads revenue and deposit consistency ahead of personal credit, using a soft pull that leaves the applicant’s score untouched. |
| 📊 Product Range Has Widened | Spartan Business Solutions now markets five funding solutions rather than the merchant cash advance and revenue-based financing pairing that older reviews describe. |
| 🧭 If Spartan Declines You | A single funder gives one answer. A funding marketplace screens one packaged file against many lenders, so a decline routes onward instead of ending the search. |
Spartan Capital funds between $5,000 and $500,000 on one-hour decisions, no hard pull.
| Signal | Detail |
| Funding range | Between $5,000 and $500,000; line of credit capped at $250,000 |
| Decision time | Inside 1 hour |
| Funding time | Stated variously as 2 hours, 8 hours, and 24 hours on the company’s own site |
| Credit check | Soft pull only, with no hard inquiry to obtain terms |
| Published pricing | None. No factor rate, APR, or fee schedule disclosed publicly |
| Products | Revenue-based financing, term loans, line of credit, equipment financing, invoice factoring |
| Legal entity | Spartan Capital Group LLC; funding solutions marketed under the Spartan Business Solutions LLC trademark |
| Founded | 2016; headquartered at 1301 Hwy 36, Hazlet, NJ |
Searching Spartan Capital returns two companies that have nothing to do with each other. One is a New Jersey-based business that provides revenue based financing for small businesses. The other, a broker-dealer based in Manhattan, has a regulatory history that fills the investor-protection pages that dominate the results. Sorting out which one you are looking at is the first useful thing this review can do.
The funding company, Spartan Capital Group LLC, advances between $5,000 and $500,000 against future revenue and decides within about an hour without touching your credit score. It has widened its product set well beyond the merchant cash advance framing that older reviews still repeat. What it has not done is publish a single number about what any of it costs.
United Capital Source is a full-service concierge business funding marketplace. Since 2011, we have facilitated more than $1.6 billion for over 40,000 businesses across a network of 80+ lenders, which means we see how files like yours price against several underwriting desks at once, not just one. That vantage point is what this review is built on.
In this review, we’ll answer the following questions and more:
Spartan Capital is a small business funding company that has been writing revenue based financing since 2016. It trades as Spartan Capital Group LLC from 1301 Hwy 36 in Hazlet, New Jersey, and the Spartan Capital trademark is held by Spartan Business Solutions LLC, the entity behind its funding solutions. Older write-ups give the location as Middletown, New York, which no longer matches the published address. The firm targets owners of businesses that have been operating for at least three months.
The model is straightforward. Spartan advances capital against a business’s future revenue and collects a percentage of deposits as they arrive, so remittance rises in strong weeks and eases in slow ones. The underwriting process reads bank deposits and payment history ahead of credit, which is why a soft pull is enough to produce terms. Matching remittance to cash flow is the structural argument for the product, and it keeps the remittance flexible as clients grow.
Scale is the part of the picture that changed most recently. On July 10, 2026, Spartan Capital Group closed a $60 million senior credit facility that can grow by another $100 million, sourced and structured by its own capital markets team under CEO Frank Ebanks and CFO Terence Walsh. For a borrower, a facility of that size mostly signals that approved deals are unlikely to stall for lack of capital.
Spartan Capital Group focuses on established operators rather than startups. Construction, restaurants, healthcare, auto services, trucking, staffing, and retail all appear in its industry pages, which tracks with a revenue-first screen: the model needs deposit history to read.
The clients this suits are operators with a working track record and a near-term use for capital. A restaurant group funding an expansion, a contractor bridging a receivable, a trucking firm replacing equipment before a season it expects to grow into all fit the profile. Businesses whose revenue has not stabilized are the ones Spartan Capital Group turns away, and the location of the business matters less than the consistency of what lands in its account.
Two unrelated financial companies share the Spartan Capital name. The business funding company reviewed here is Spartan Capital Group LLC. The other organization, Spartan Capital Securities, works in a different industry entirely, and confusing the two is the single most common error we see readers make on this search.
Search FINRA BrokerCheck for CRD 146251. The record returned belongs to Spartan Capital Securities, the Manhattan broker-dealer. The New Jersey funding company does not appear in BrokerCheck at all, because a company writing revenue-based financing holds no broker-dealer registration and has no reason to be listed there.
Spartan Capital Group lists five funding solutions, all of them capped at $500,000 or below. Revenue based financing is the flagship and the one the company markets hardest. Term loans, a line of credit, equipment financing, and invoice factoring fill out the range.
This matters because the older description of Spartan as a merchant cash advance (MCA) shop is now out of date. Reviews written a year ago describe two products. Spartan Capital Group now lists five, which changes who it is worth approaching.
Matching the product to the need is where most of the value sits. Merchants funding a seasonal inventory build want the flexible remittance of a revenue purchase; a business financing an expansion with a known cost wants the fixed schedule of a term loan.
Equipment financing suits growth that has a serial number. Factoring suits companies whose cash is trapped in unpaid invoices, not missing. Reading those opportunities correctly beats shaving points off a rate.
Two details in the published specifications are worth reading closely before you apply. The business line of credit is capped at $250,000, not the $500,000 that appears in the site’s headline claim, so a business shopping a larger revolving facility will come up short. Turnaround is quoted four different ways across the same website: two hours, eight hours, 24 hours, and same-day. The underwriting graphic also shows a $2 million maximum that no product page supports.
Merchant cash advances, also called business cash advances, and revenue based financing describe substantially the same structure here. Both purchase a slice of future revenue rather than lending against collateral, and both collect through automated withdrawals tied to deposits. The label has shifted toward revenue based financing across the industry because repayment now reads total deposits rather than card sales alone.
| Product | Stated maximum | Structure | Published cost |
| Revenue-based financing | $500,000 | Percentage of deposits, flexes with sales | Not disclosed |
| Business term loan | $500,000 | Fixed payments over three to 36 months | Not disclosed |
| Line of credit | $250,000 | Revolving, interest on drawn balance | Not disclosed |
| Equipment financing | Not stated | Asset-secured, ownership at term end | Not disclosed |
| Invoice factoring | Advance of up to 90 percent of invoice value | Receivables purchase | Not disclosed |
Spartan Capital publishes no factor rate, no APR, and no fee schedule anywhere on its website. Every product page describes turnaround, structure, and eligibility while leaving cost blank until an offer is extended. The marketing calls the terms transparent. On structure, they are. On price, there is nothing published to read, and that lack is the whole of the criticism here.
Here is what the absence costs you in practice. Take a Hazlet-area contractor with $48,000 in monthly deposits who accepts $75,000 in August to cover payroll on a delayed municipal job. At a factor of 1.35, a mid-market figure for this product class rather than a Spartan-quoted one, total remittance is $101,250. Collected at 15% of daily deposits, that clears in roughly seven months and works out near a 78% annualized cost, which is a different decision from the one a 1.15 factor would produce on the same file.
The number that resolves this is not on the website, but it may be legally owed to you anyway. The New York Department of Financial Services administers a Commercial Finance Disclosure Law requiring providers of sales-based financing to disclose the amount financed, the finance charge, and the annual percentage rate when a specific offer is extended, for transactions of $2.5 million or less. California, Utah, and Virginia have adopted comparable rules.
So the practical move is to treat the offer document, not the website, as the price list. Ask for the APR line and the itemized finance charge in writing before signing, compare that figure against a term loan quoted on the same file, and remember that a percentage-of-revenue structure has no fixed end date, so a strong quarter retires the balance sooner. A slow one stretches the cost out. What you are really doing is pulling next year’s revenue forward, and the price of that is the number Spartan Capital Group will not print.
Amount financed, total finance charge itemized, annual percentage rate, the holdback percentage applied to deposits, and any origination or servicing fee deducted from the advance. In New York, these appear on the offer disclosure by rule. Elsewhere, ask anyway; a company that will not put the APR in writing has told you something.
Spartan Capital Group screens on revenue consistency before it looks at personal credit. The underwriting process does not publish a hard credit floor or a revenue minimum on its main product pages, so the practical qualification signal is what that process reads: the deposit history in your business account, payment history with prior funding providers, and time in business.
The real question is your ability to service a daily remittance out of normal cash flow without creating new challenges elsewhere. That is a different test from a credit score, and it turns away a different set of applicants.
A soft pull produces terms, which matters if you are shopping several offers. Business owners with less-than-perfect credit are the intended audience here, and a score in the 500s does not end the conversation the way it would at a bank. What ends the conversation is thin or erratic deposits, because a percentage-of-revenue structure needs a predictable cash flow pattern to price against.
Startups are outside the box. So are businesses carrying unresolved litigation, and operators with a record of defaults or stacked positions with other funding companies. A Dallas auto services operator with a 520 score and $22,000 in monthly revenue is a realistic approval here; the same operator six weeks into trading is not.
It is worth naming the trade honestly. Revenue-first underwriting opens a door that credit-first underwriting closes, and it charges for the privilege. Across our 80+ lender network, the lowest accessible credit floor is 475, reached through equipment financing and revenue-based paths, so a thin-credit file usually has more than one door available even when the first one shuts.
A file that reads badly to a revenue-first model can still clear underwriting through equipment financing for businesses with thin credit files, where the asset carries the risk. Owners screened out on score alone should look at bad credit business loans before assuming the market is closed to them.
The small business loan application process at Spartan Capital Group takes minutes and returns a decision inside an hour. The paperwork is light by design, because the process reads bank data rather than a full financial package. Below is a step-by-step guide to the sequence and what each stage asks of you, which follows the same shape as most alternative business financing applications.
The necessary documentation is light. Driver’s license, a voided business check, and bank statements from the past three months cover the standard revenue-based file. Invoice factoring adds an accounts receivable aging report, and equipment financing adds the vendor invoice.
The form asks for monthly revenue, time in business, entity type, industry, and the business location. The credit check at this stage is a soft pull, so requesting terms costs you nothing on your report, and most applicants hear back the same working day rather than waiting on a committee.
A funding specialist reviews the file and calls to discuss structure. This is the moment to ask what the money costs, because the website does not list the amount and the written offer is the only place the number appears. How quickly they respond, and how direct the communication is, tells you most of what you need to know about the support you will get after funding.
Carefully review the offer before signing. New York businesses receive the annual percentage rate and itemized finance charge by rule; borrowers elsewhere should ask for both in writing and compare against a fixed-payment quote on the same file.
Once you sign, the funding process runs within a few hours by Spartan’s account, though its own published figures range from two to 24 hours. Remittance begins on the next business banking cycle as a percentage of deposits.
Spartan Capital Group trades price disclosure for turnaround and access. That is the whole shape of the trade, and whether it is a good one depends entirely on how real your deadline is.
Customer complaints in public reviews cluster around cost rather than conduct. Business owners describe funds arriving as promised and specialists staying reachable, then describe the total remittance as higher than expected. That pattern is consistent with a product whose price is invisible until the offer lands, and it is the reason the pricing question belongs at Step 3 rather than after signing.
The older criticism that Spartan offers only two products no longer holds. The firm offers five, and the line of credit in particular gives borrowers a revolving option that a pure advance shop cannot. The price disclosure gap, by contrast, is unchanged.
| Pros | Cons |
| Approval decision inside one hour | No factor rate, APR, or fee schedule published anywhere |
| Flexible remittance tied to deposits | Percentage-of-revenue structure has no fixed payoff date |
| Soft credit pull, so shopping terms costs nothing | Line of credit capped at $250,000, below the $500,000 headline |
| Flexible repayment that moves with deposits | Funding maximum stops at $500,000 for every product |
| Five products rather than a single advance line | Published funding speed conflicts across the company’s own site |
| Revenue-first screen serves less-than-perfect credit | Startups and thin-deposit businesses are outside the box |
| Capital capacity backed by a July 2026 senior facility | Percentage-of-revenue structure has no fixed payoff date |
A decline from a single funding company ends that path completely. This is the structural difference worth understanding before you apply anywhere: Spartan reads your file against one credit policy, and if the answer is no, the next application starts from a blank form.
Consider a New Jersey retailer turned down in September for seasonal deposit swings; the model read as instability. Applying through a marketplace instead, the same packaged file went to several underwriting desks in parallel and funded through an equipment financing path at the 475 network floor, a door the revenue-based screen was never going to open.
That is what One Application, 80+ Lenders means in practice. You apply once, we package the file and submit it across the network, and if one lender declines, we already have your documents ready to move to the next. You never restart paperwork or retell the story. For businesses that can wait out a longer approval, the same file also reaches term loans starting at 1% to 4% monthly and SBA loans starting at Prime plus 2.75%, both structurally cheaper than any revenue purchase. Small and mid-sized businesses can get matched with lenders suited to their financial profile.
Businesses in that position often do better comparing revenue based business loans against a fixed-payment structure before committing to either. Where revolving access beats a lump sum, a business line of credit prices against the same revenue while charging interest only on drawn funds.
Speed is worth paying for when the deadline is real. When it is not, the same file often prices materially better on a one- to three-day path, and the difference over a $75,000 advance runs to tens of thousands of dollars. The Federal Reserve Small Business Credit Survey tracks how often owners turn to non-bank finance companies and how approval rates differ by source. Worth reading before you assume a bank would decline you.
Spartan Capital Group is a legitimate funding company with a narrow focus that tells you little about what it costs until you are holding an offer. Both halves of that sentence are load-bearing, and neither describes the Manhattan broker-dealer that shadows this growth lender. We hold other lender reviews we’ve published to the same standard, so you can compare how each funder handles disclosure.
It suits an established operator with steady cash flow, a real deadline inside the week, and credit that a bank would decline. It suits that operator less well if the deadline is soft, because the same file reaches structurally cheaper money on a slightly longer timeline. It does not suit startups, thin-deposit businesses, or anyone who needs more than $500,000.
The disclosure gap is the thing to manage rather than the thing to fear. Ask for the annual percentage rate and the itemized finance charge in writing, compare that number against one fixed-payment quote, and the decision becomes ordinary. The businesses that regret this product are almost always the ones who never asked.
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.
| “When an owner tells me a funder wouldn’t put the APR in writing, that’s the whole answer right there. Price disclosure isn’t a courtesy; it’s the minimum a business owner needs to make a decision they can live with six months later.”
— Jared Weitz, CEO and Founder of United Capital Source |
Yes. Spartan Capital is a legitimate small business funding company registered as Spartan Capital Group LLC, operating from Hazlet, New Jersey since 2016, with a BBB listing and a $60 million senior credit facility closed in July 2026. Its legitimacy is not in question. A fair criticism is that it does not publish pricing.
No. Spartan Capital Securities carries SEC registration in New York, with FINRA member firm status since 2008, under CRD number 146251. Spartan Capital Group LLC is a New Jersey funding company. They share a name and nothing else: separate registrations, separate owners, separate industries. No advance written by the funding company involves that firm in any company writes.
No. The regulatory actions and customer complaints on the public record concern Spartan Capital Securities, the broker-dealer, and relate to securities sold to individual investors. They have no bearing on the funding company reviewed here. You can confirm this yourself on FINRA BrokerCheck, where only the broker-dealer appears.
Spartan does not publish a factor rate, an annual percentage rate, or a fee schedule. Cost appears only on the written offer. If your business is in New York, the provider must disclose the amount financed, the finance charge, and the APR when a specific offer is extended for transactions of $2.5 million or less. Ask for those figures in writing wherever you are.
Amounts ranging between $5,000 and $500,000 across the funding solutions Spartan Business Solutions markets. The line of credit is capped lower, at $250,000. A funding graphic on the company’s site shows a $2 million maximum that no product page supports, so treat $500,000 as the working ceiling.
No. Spartan runs only a soft pull to generate terms, which leaves your personal score untouched. That makes it inexpensive to collect an offer and compare it against others before committing to anything.
Positive reviews center on turnaround and on specialists who stay reachable. Customer complaints center almost entirely on cost, with owners describing total remittance as higher than they expected. Few concern service or delivery. That distinction matters.
A decline from a single funding company ends that path, and the next application starts fresh. Common reasons are thin deposits, insufficient time in business, prior defaults, or open positions elsewhere. Through a marketplace, one packaged file reaches several lenders, so a decline routes onward instead of returning you to a blank form.
If Spartan Capital fits your deadline and your deposits, it is a reasonable place to take an offer. Just take the offer with the annual percentage rate written on it.
If you would rather see what several lenders say about the same file before committing, that is what we do. One application reaches 80+ lenders across our network, a specialist walks you through the trade-offs on each, and you compare the deals side by side. That is how growth opportunities get funded on transparent terms, not on whichever offer landed first.
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Disclaimer:
This Spartan Capital review reflects publicly available information as of August 2026 and is provided for general educational purposes, not as financial or legal advice. Funding terms, published specifications, and regulatory records change; verify current figures directly with the provider and consult the Small Business Administration, the New York Department of Financial Services, or a qualified CPA or attorney before entering any commercial financing agreement. Regulator resources are linked throughout.
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.
Jared Weitz is the Founder & CEO of United Capital Source (UCS), one of the nation’s fastest-growing business financing marketplaces. Since founding the company in 2011, Jared has built a technology-enabled platform that has facilitated over $1.6 billion in funding to more than 40,000 businesses across the United States. Under his leadership, UCS has evolved into a full-service marketplace that connects business owners with 80+ lenders while providing hands-on guidance throughout the entire funding process. Rather than selling client information like most lead generation companies in the business loans space, UCS works directly with each applicant—leveraging technology and experienced funding professionals to match businesses with the right financing options, structure deals, and guide them from application through funding and future growth. Jared’s work has earned national recognition, including the National Commercial Loan Broker of the Year award in 2019, and placements on the Inc. 5000 list in 2015 and 2017. He also serves as Broker Council Co-Chairman for the Small Business Finance Association, where he helps advocate for expanded access to capital for small businesses nationwide.
