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.
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