Review Time
I took funding from Fox Business Funding in June 2025. What followed has been a nightmare of predatory practices, legal violations, and complete disregard for their own contract terms.
THE BAIT AND SWITCH CONTRACT:
I signed a merchant cash advance agreement for Living Drive Inc. What I didn’t fully realize until it was too late was that buried in “Exhibit C” they had included my completely separate company, AUMOR Inc, as additional collateral. AUMOR Inc received ZERO dollars from this funding. Living Drive Inc got the money, but Fox helped themselves to a “blanket security interest” in another business entirely. This was never clearly explained by their sales team.
THEY IGNORE LEGAL REQUESTS:
When my business revenue dropped due to the government shutdown (my company serves government contractors), I did exactly what the contract allows - I requested a reconciliation of payments based on actual business receipts, as permitted under Section 2(b) of their own agreement. The contract clearly states payments should be based on a percentage (9.99%) of actual receipts.
I also sent a formal debt validation request as is my right under federal law (FDCPA). They are legally required to respond and cease collection activity until they validate the debt.
Their response? Complete silence. No payment history. No reconciliation calculation. Nothing.
THEN THEY FROZE MY ACCOUNTS:
Instead of responding to my legally required debt validation request, Fox’s attorneys at Lieberman and Klestzick filed UCC liens that FROZE my Square payment processing account.
Let me be clear about what this means: They froze my ability to COLLECT PAYMENTS FROM CUSTOMERS. The very “receipts” they’re contractually entitled to a percentage of - they made it impossible for me to collect them. They are literally sabotaging my business while demanding payment.
FLORIDA COMPANY SUING IN NEW YORK:
Fox Funding is based in Hollywood, Florida. I’m in Wisconsin. Yet their contract forces all disputes to be handled in New York courts. Why? Because New York is notoriously friendly to MCA companies and hostile to merchants. This is a deliberate tactic to make it harder for victims to fight back.
THE MATH DOESN’T WORK:
∙ They gave me $38,000 (after $2,000 in fees from the $40,000 “purchase price”)
∙ They expect to collect $56,800
∙ That’s effectively 49% interest on what was supposedly “not a loan”
∙ Weekly payments of $1,775 regardless of whether my business has revenue
CFPB COMPLAINT FILED:
I have filed a formal complaint with the Consumer Financial Protection Bureau (Complaint ID: 260131-28391724) documenting their FDCPA violations and predatory practices.
MY ADVICE TO OTHER BUSINESS OWNERS:
1. READ EVERY EXHIBIT - especially “Exhibit C” where they may include other businesses you own as collateral without making this clear
2. KNOW YOUR RIGHTS - These contracts contain reconciliation provisions that allow payment adjustments based on actual receipts. They don’t want you to know this.
3. DOCUMENT EVERYTHING - When they violate federal debt collection laws, file complaints with the CFPB
4. GET A LAWYER - MCA companies count on small business owners not being able to afford legal help. Many consumer debt attorneys work on contingency.
Fox Business Funding presents themselves as a friendly funding partner. In reality, they are predatory lenders who will freeze your accounts, ignore federal law, and bury provisions in their contracts to seize assets from businesses that never received a dime from them.
Stay far away.
I would like to express my positive experience with the service. The team was extremely helpful in making sure I received my funding promptly. Because of this great experience, I have already recommended the service to other businesses.
I am writing to express my deepest gratitude for the incredible support Fox Funding has provided to my company since 2021. During some of the most challenging years of building my business, your team’s assistance has been nothing short of invaluable. Your unwavering commitment has played a significant role in helping my company grow and succeed.I would like to specifically acknowledge Harry and Abraham, who have consistently demonstrated professionalism, dedication, and genuine care throughout our partnership. Their expertise and support have made a tremendous difference, and I cannot speak highly enough of their contributions.Fox Funding is truly an outstanding group, and I am immensely appreciative of everything you have done. Thank you for being there every step of the way.Sincerely, Anthony Bednar Owner Tonys Taco Shop1 LLC
Fox Business has been a terrific partner and we’ve greatly appreciated the support from Ozzy Lawrence and the team. Fox Funding has been there to support our business growth at the most essential times and Ozzy has consistently made sure that funding needs are met quickly and efficiently. We greatly appreciate Ozzy and Fox Business and will continue to count on them for our future funding needs.
Fox Business Funding exceeded my expectations from day one. As a small business owner, securing fast and reliable funding is critical, and their team made the entire process smooth and stress-free. Abe Rapoport was absolutely incredible—professional, knowledgeable, and truly invested in helping my business succeed. He took the time to understand my specific goals and guided me through every step with clarity and confidence.What really impressed me was how personalized the service was. This wasn’t a cookie-cutter solution—Abe helped structure a funding option that fit my needs perfectly. The process was quick, transparent, and completely hassle-free. There were no surprises, just honest communication and reliable results.I would highly recommend Fox Business Funding to any business owner looking for dependable support and customized financial solutions. Abe Rapoport went above and beyond to make sure everything ran smoothly, and I’m extremely grateful for his dedication. I’ll definitely be turning to him again for any future funding needs.
Thanks to Fox I have been able to scale my business advertising and because of the direct ROI, we are set to double our revenue in 2025 because of it! Love working with the guys at Fox. They make the whole process seamless and quick. This is my 3rd time working with them for business capital for advertising and they never disappoint. Great communication, available by text and always fast to respond. Would highly recommend if you need a business cash injection to help you scale faster.
I’ve been working with Mendy at Fox funding for several years. They’ve always been very helpful and quick to get the funds into my business account and flexible if you need to adjust your payment dates. I have worked with several other lenders in the past. Fox funding has been the best buy far
We have used them twice. Each time, the terms of the loan are clearly spelled out from the beginning. The documents that you sign have the details in a very prominent space at the top and bottom of the agreement. (Not hidden in small print). Is the interest and fees higher than a lot of banks and a few lending companies? Maybe but the funding call allows you to ask questions to ensure BEFORE anything is final, your questions are answered and both parties are clear about the terms of the loan.
Fox Funding has been essential to our growth providing fast, and hassle-free capital whenever we need it. Their professionalism, and flexibility make it possible to seize on opportunities that others can't, and I highly recommend them to any entrepreneur seeking reliable funding to fuel growth.
Claim your business profile now and gain access to all features and respond to customer reviews.
Your smart choice for fast, hassle-free business funding.
Skip the delays and confusion — we provide direct funding, no fluff, and no wasted time.
⚡ Fast Turnaround
Applications are typically reviewed within hours, with funds available as soon as the next business day after approval.
📄 Simple Requirements
Our process is quick and easy, requiring minimal documentation. We focus on your sales and business potential — not just your credit score.**See more
