PrimisBankFraud

Small business owners deserve protection from unscrupulous banks - who can easily change their name to escape prosecution (Sonabank/Primis)

[PrimisBankFraud @BankPrimis]

Bad #banks enjoy little to no oversight - can go from state to state - A class-action directory listing for Hilson v. South Lake Medical Clinic et al. claims Primis Bank is “among” the parties being sued in a dispute tied to an Arkansas medical-loan scheme. #Primis @FDIC_OIG

[Stop Sonabank/Primis @stopsonabank]

#Primis #PrimisBank Arkansas consumer litigation naming Primis. Arkansas counsel (Poynter Law Group) advertises a putative class action/investigation over ED-clinic financing that names Primis Bank among defendants with other entities (South Lake Medical Clinic, Wasatch/Momnt).

[PrimisBankFraud @BankPrimis]

Make #smallbusiness borrowing safe & fair. Lenders can lie, cheat & steal - and get by with it. The @SBAgov is allowing this to happen. There are more rules and regs for #smallbusinesses than for #banks - which is unfair, unjust, discriminatory & destructive to our economy. #SBA

[Stop Sonabank/Primis @stopsonabank]

Primis Bank appears to have many problems (fraud, customer complaints, accounting issues, branch closures) which do raise serious concerns about oversight, service, & governance. I would say these issues justify caution & due diligence. #fraud #primisbank

[PrimisBankConsumerAdvocacy @bank_primis]

The #SBA does not like #FOIA requests. It would be nice to know how many primary residences have been taken by #PrimisBank, how many trademarks they have taken (yes, they do that) & how many #smallbusinesses have been shuttered. #loanofficersshouldbelicensed #fraud

[PrimisFraud @FraudPrimis]

#SBA lending is NOT safe - lenders are not vetted. There’s no whistleblower protection for small-business borrowers. You can’t go to the CFPB, because they legally can’t investigate commercial credit. @SBA_Virginia @richmondchamber @HouseSmallBiz @OIGFedCFPB #fraud @SBA_Kelly

[kerry dougherty @kerrydougherty]

Seems like only yesterday Barack Obama was scolding “the brothers” for not supporting a black woman for president. Now he’s headed to Norfolk to urge “the brothers” to vote for a rich white lady over Winsome Sears, a black woman from Jamaica and a former Marine. If only Sears had a D after her name…

[Stop Sonabank/Primis @stopsonabank]

The legal problems at #Primis #Bank stem from serious internal fraud perpetrated by a senior employee & from significant reporting/governance failures. Ethically, the issues highlight weak internal controls, possible culture of inadequate oversight, issues with transparency...

[Stop Sonabank/Primis @stopsonabank]

Why the @SBAgov is not a safe place to find a lender: "...outsources lending to banks, rarely audits, shields lender data under FOIA exemptions (calling them “confidential business information”) #Notransparency The system is rigged - inherently unfair to #smallbusinesses.

[Stop Sonabank/Primis @stopsonabank]

Lenders know the loopholes. SBA-approved banks hide behind “delegated authority,” which lets them approve service loans with minimal oversight. There’s no whistleblower protection for small-business borrowers. @SBAgov lending IS NOT SAFE. @RichmondFed @SBAOIG @HouseSmallBiz

[PrimisBankFraud @BankPrimis]

The @SBAgov lenders can easily defraud #smallbusiness owners because the #SBA does nothing and the @OIGFedCFPB does absolutely nothing. #SBA lenders are not vetted, not required to adhere to @SBAgov standard operating procedures. #SBA lending is NOT SAFE FOR SMALL BUSINESSES.

[PrimisBankConsumerAdvocacy @bank_primis]

The Oversight Mirage: “Everyone’s in charge, so no one is” How do #SBA lenders get by w/ their crimes? Because each agency has a narrow slice of jurisdiction, & none of them actually protect borrowers in a holistic way. @HouseSmallBiz @SBAOIG #fraud @VAChamber @USChamber @SBAgov

[PrimisBankFraud @BankPrimis]

The @sba is filled with fraud and corruption - and works for lenders, not for #smallbusinesses. No vetting or oversight of #SBA lenders. @DOGE @RichmondFed @SBAOIG @SBA_Virginia @SBA_Kelly @HouseSmallBiz

[PrimisFraud @FraudPrimis]

It's difficult, if not impossible, to know which banks are good guys; which ones are bad guys. Just know that an @sba affiliation means nothing. #SBA banks are not vetted, supervised, reviewed or held accountable. #SBA lending programs are unsafe for #smallbusinessowners. #fraud

[PrimisBankFraud @BankPrimis]

We have learned (the hard way) that many #smallbusiness lenders have mortgage companies. These unvetted lenders have their eye on the prize - your primary residence. How many primary residences have been taken by #smallbusinesslenders? Who knows? The @sba won't reveal that info.

[Stop Sonabank/Primis @stopsonabank]

Protect yourself from @sba unvetted lenders. Never used your primary residence as collateral. Many lenders have their own mortgage companies - & would LOVE to take your home. And no one is watching how they take it. #smallbusinesstips @HouseSmallBiz @OIGFedCFPB @FDIC_OIG #fraud

[PrimisBankFraud @BankPrimis]

The @sba does no vetting of it's lenders. #SBA does not enforce their own #standardoperatingprocedures. Please post on the @SBAgov web site that no #SBA lenders are vetted in any way. #helpforsmallbusinessowners @HouseSmallBiz #fraud @DOGE

[Stop Sonabank/Primis @stopsonabank]

Hilson v. South Lake Medical Clinic case involves hundreds of Arkansas residents who allege they were misled into high‑interest medical loans linked to treatment... Primis Bank is one of several defendants, accused of being part of a deceptive and fraudulent loan scheme. #Primis

[PrimisBankFraud @BankPrimis]

#Primis #PrimisBank #Virginia #smallbusiness "...alleged fraudulent medical loan practices." And #PrimisBank is a "preferred lender" at the @SBAgov. #GetbadlendersoutoftheSBA #UnvettedlendersattheSBA #fraud #deceptivelending

[PrimisBankConsumerAdvocacy @bank_primis]

An @sba "preferred lender". "#Primis Bank is being sued in relation to an Arkansas class-action case, part of the broader Hilson v. South Lake Medical Clinic lawsuit concerning alleged fraudulent medical loan practices." @VAChamber @RichmondFed @OIGFedCFPB @SEC_Enforcement

[PrimisBankFraud @BankPrimis]

@VAChamber @SBAOIG @richmondchamber @NOVAChamber @DullesChamber @SouthFairfax @RoanokeChamber @fxbgchamber @RichmondFed Unvetted, unscrupulous @SBAgov lenders can make more $ if your #smallbusiness fails. The system is rigged & no one is helping to eliminate #predatorylending.

[Stop Sonabank/Primis @stopsonabank]

Your #smallbusiness lender can make more $ if your #smallbusiness fails. The system is rigged & unregulated. The @sba is in business to help lenders; not smallbusinesses - but they don't make it clear on the website. #falseadvertising

[PrimisBankFraud @BankPrimis]

#PrimisBank #Primis #Bank #PreferredLenderatSBA #SBA: Class action lawsuit concerning alleged fraudulent medical loan practices. @VAChamber @NOVAChamber @SBAOIG @HouseSmallBiz @vabankers @RichmondFed @richmondchamber

[PrimisBankConsumerAdvocacy @bank_primis]

An @sba "preferred lender". "#Primis Bank is being sued in relation to an Arkansas class-action case, part of the broader Hilson v. South Lake Medical Clinic lawsuit concerning alleged fraudulent medical loan practices." @VAChamber @RichmondFed @OIGFedCFPB @SEC_Enforcement

[SCORE Mentors @SCOREMentors]

SEPTEMBER WEBINAR SCHEDULE — Swipe through to learn more about this month's sessions. 👉

We hope you enjoy this month’s line up and look forward to seeing you at an upcoming event!

[Stop Sonabank/Primis @stopsonabank]

#Smallbusinesstips: The @sba does not disclose that they do no vetting of their preferred lenders nor do they enforce #smallbusiness lenders to adherence to the #SBA operating procedures. The #SBA is little more than an unethical taxpayer funded lender marketing agency. #fraud

[PrimisFraud @FraudPrimis]

"Americans expect transparency, safeguards and a level playing field from banks." #smallbusinesssupport #smallbusinessowner #smallbusinesstips #stopdeceptivelendingpractices #SBA #SBAreform #bankfraud @HouseSmallBiz @vabankers

[PrimisFraud @FraudPrimis]

Bad #Bank: Profits even if a business fails (because of guarantees + collateral). Customer loss doesn’t hurt, since deposits are insured & regulators only care about solvency, not satisfaction. Can rebrand or merge (like Sonabank → Primis Bank) to refresh reputation. @SBAgov

[PrimisFraud @FraudPrimis]

#Smallbusinesstips #Smallbusinessowners need to know that @sba affiliated #smallbusiness lenders are unvetted & do not have to adhere to @sba Standard Operating Procedures. #fulldisclosure #deceptivelending #nohelpforsmallbusinesses