Company overview
HQ · Hazlet, NJ
Revenue Based Financing (RBF)Merchant Cash Advance (MCA) / Credit Card Cash AdvanceACH FundingTerm LoanMulti Position AdvancesOther Financing Products
Spartan Capital is a privately held fintech firm founded in 2016 that specializes in providing merchant cash advances (MCA) and revenue-based financing to small and medium-sized businesses (SMBs). The company positions itself as a boutique, human-centric alternative funder that prioritizes speed, often delivering funds within 24 hours, and flexibility for businesses that require fast, often higher-risk, capital solutions. It utilizes a hybrid underwriting process that combines automated algorithms with manual review for every deal, allowing it to handle customized solutions and serve clients who may not meet traditional lending criteria.
Company focus
- Legal name
- The company operates under several legal entities. Verified names include Spartan Capital Funding, LLC (registered in New York) and Spartan Capital Group LLC (registered in Florida). Associated entities that appear to be part of its corporate or marketing structure include Spartan Business Solutions LLC ('SBS'), SPARTAN CAPITAL GROUP LLC (reportedly registered in New Jersey), and SPARTAN CAPITAL SPV 1 LLC (a special purpose vehicle registered in New Jersey).
- Headquarters
- Hazlet, NJ
- Founded
- 2016
- Employees
- 51-200
- Geography
- Spartan Capital Group is reported by third-party industry sources to be available in 42 U.S. states, suggesting near-nationwide coverage. However, the company does not publicly publish an explicit list of states it serves or excludes. Therefore, while they appear to operate broadly, the exact list of the 8 states they do not operate in is not specified.
- Specialties
- Fast Funding: The company heavily advertises its rapid funding capabilities, with claims of approvals in hours and funding disbursements on the same day or within 24 hours, and in some cases as little as 8 hours., High-Risk Tolerance: Spartan Capital demonstrates a flexible underwriting model that does not enforce a minimum FICO score and reportedly tolerates a high number of negative balance days (8-10 per month). They are also open to funding businesses with existing advances (stacking)., Hybrid Underwriting Model: A key differentiator is their process that combines automated algorithms and approval scores with a manual review by human underwriters for every deal. This allows for customized financing and consideration of applications that might be declined by fully automated systems., Streamlined Renewal Program: Spartan actively promotes a renewal program for returning clients, which features faster approvals (in hours), pre-qualified offers for larger amounts, same-day deposits, and dedicated renewal specialists to ensure an efficient process., Broker and ISO Friendliness: The company explicitly markets itself as a partner-friendly organization with a dedicated program for Independent Sales Organizations (ISOs). They offer high commissions (reportedly 10-15 points) to incentivize brokers to submit deals, including high-risk files., Industry Focus: While serving a broad market, Spartan highlights and lists preferred industries, including Restaurants, Medical & Home-Health Care, Hotels & Hospitality, Construction, and Transportation, indicating a degree of specialization in these verticals.
Reported eligibility
- Monthly revenue from
- $10,000
- Time in business (months)
- 3
- Accepts stacked positions
- Yes
- Maximum positions
- 3
Funding & terms
- Funding from
- $5,000
- Funding up to
- $1,000,000
Business research
- Geographic coverage
- Spartan Capital Group is reported by third-party industry sources to be available in 42 U.S. states, suggesting near-nationwide coverage. However, the company does not publicly publish an explicit list of states it serves or excludes. Therefore, while they appear to operate broadly, the exact list of the 8 states they do not operate in is not specified.
Product details
- Revenue Based Financing (RBF)
- Marketed as their most popular product, this is a form of financing where the funder provides capital in exchange for a percentage of the business's future revenue. Repayment is flexible and tied to the business's sales performance. The average funding amount for this product is approximately $125,000.
- Merchant Cash Advance (MCA) / Credit Card Cash Advance
- This product involves the purchase of a business's future credit card sales at a discount. Repayment is automatically collected through a fixed percentage (a 'split') of the business's daily credit card transactions.
- ACH Funding
- Designed for businesses that do not have significant credit card sales. This product provides working capital based on the business's overall cash flow, with repayment collected through automated electronic (ACH) debits from the business's bank account, typically on a daily or weekly basis.
- Term Loan
- A more traditional financing product with a fixed repayment amount over a set period. The average funding amount for this product is approximately $269,000. The company has been rolling this product out, starting in Texas.
- Multi Position Advances
- This indicates that Spartan Capital is willing to provide funding to businesses that already have one or more existing cash advances from other funders (i.e., 'stacking'). The new advance is 'stacked' on top of existing positions.
- Other Financing Products
- The company's 'funding-education' center also lists Equipment Financing, Lines of Credit, Invoice Factoring, and Asset-Based Lending as available resources, suggesting they either offer these directly or through partners.