Stop Sonabank/Primis

Love USA, hate bank fraud. Small businesses keep USA great. Protecting small businesses from predatory lenders, & Sonabank/Primis fraud. #smallbusiness

[Stop Sonabank/Primis @stopsonabank]

Bad #banks are bad for #smallbusinesses, #smallbusinessowners, & communities. #SBA lending is done without transparency, the @sba answers only to lenders, not to small businesses - with taxpayer money. The SBA should NOT be a taxpayer-funded marketing agency for unvetted lenders.

[PrimisBankConsumerAdvocacy @bank_primis]

The #SBA elegates loan oversight to private banks, so it claims it doesn’t have responsive records when you ask for internal correspondence or loan-level review notes. The SBAcan say “that’s lender-confidential”, even when the loan was guaranteed with public money. @USChamber

[PrimisBankConsumerAdvocacy @bank_primis]

#SBA is broken. Banks act as de facto government agents through #SBA programs, but w/o public accountability. Regulators are insulated from transparency laws. Borrowers are excluded from data, appeals, & oversight — even when taxpayer funds guarantee the loans. @HouseSmallBiz

[Stop Sonabank/Primis @stopsonabank]

"Stevens had authority to issue loans, access accounts, open accounts, and move funds. DOJ says that access was exploited for 15 years." No wonder they would not respond to our attorney's requests for loan paperwork. #Primis #PrimisBank #fraud #deceptivelending #Smallbusiness

[PrimisBankConsumerAdvocacy @bank_primis]

#PrimisBank An example of an #SBA "preferred lender". "In February 2024, James Stevens (a former commercial lender) pleaded guilty to a scheme spanning from 2008 through June 2023 in which he used his role at Primis Bank to issue fraudulent loans and steal funds." @SBAgov #fraud

[Stop Sonabank/Primis @stopsonabank]

#PrimisBank: "Detection failure over time: The most alarming fact is not just the dollar loss; it is the duration. Fifteen years suggests the problem was not caught by normal controls." This "bank" is a "preferred lender" of the #SBA. #SBAlendersarenotvetted #SBA #fraud #Primis

[PrimisBankConsumerAdvocacy @bank_primis]

#PrimisBank An example of an #SBA "preferred lender". "In February 2024, James Stevens (a former commercial lender) pleaded guilty to a scheme spanning from 2008 through June 2023 in which he used his role at Primis Bank to issue fraudulent loans and steal funds." @SBAgov #fraud

[Stop Sonabank/Primis @stopsonabank]

"Primis’s Nasdaq notices involved delayed filings, restatement work, and internal-control risk disclosures. That is the same category of concern as: “Can we trust the reports? Are the reports complete? Are adjustments masking the real condition?”" #Primis #PrimisBank #fraud

[Stop Sonabank/Primis @stopsonabank]

#PrimisBank #PrimisBankUpdate: "Delayed SEC reporting, Nasdaq compliance pressure, potential internal control weaknesses, exposure to shareholder litigation, continued association with the clinic financing litigation. #deceptivelending #fraud #Primis

[PrimisBankConsumerAdvocacy @bank_primis]

Oh look - #PrimisBank #Primis #lawsuit - & this "bank" is an @sba "preferred lender". https://t.co/TRTEjc2060

[Stop Sonabank/Primis @stopsonabank]

#Badbanksarebadforbusiness The #SBA needs to start vetting their #smallbusinesslenders. #Smallbusinesses take ALL OF THE RISKS AND HAVE NO RIGHTS WHEN THEY ARE DEFRAUDED BY LENDERS. #makelendingfairagain

[PrimisBankConsumerAdvocacy @bank_primis]

"A class-action suit titled Hilson v. South Lake Medical Clinic has been filed in Arkansas state court against multiple entities, including South Lake Medical Clinic, Wasatch Men’s Group, Momnt Technologies, and Primis Bank." @SBA_Kelly @HouseSmallBiz #Badbanksarebadforbusiness

[Stop Sonabank/Primis @stopsonabank]

Primis Financial Corp (NASDAQ:FRST) Shows Stage 2 Uptrend with Accelerating Fundamentals. - https://t.co/DJPLlILe4S Don't forget the lawsuits at the men's clinics. #fraud #deceptivelending https://t.co/NDser8yZwC

[Brilyn Hollyhand @BrilynHollyhand]

President Trump hits the nail on the head: "You come from hellhole countries, and all you do is complain and play the victim—America doesn't need people like that. If you're unhappy, get the hell back to your own country and fix it yourselves."

[Stop Sonabank/Primis @stopsonabank]

Of course the @SBA gave them money (our tax dollars). Ernst Reveals Infamous Quality Learing Center Received Financial Support from the SBA - https://t.co/k0Mh3N2xXY #SBA #fraud @SBAOIG @HouseSmallBiz

[Stop Sonabank/Primis @stopsonabank]

"By October 2024: the exception period expired
Primis still had not completed all filings.
Nasdaq formally moved toward delisting. Primis appealed. That appeal automatically delayed suspension temporarily." The kind of "bank" that makes #SBA loans. @SBAOIG #SBA does NO vetting.

[Stop Sonabank/Primis @stopsonabank]

"There are still active investor-law-firm investigations/class-action solicitations tied to Primis disclosures and financial reporting concerns. Levi & Korsinsky investigations are still circulating publicly in 2026." #Primis #PrimisBank #fraud

[Stop Sonabank/Primis @stopsonabank]

"Alleged fraudulent medical loan practices". #Primis #PrimisBank https://t.co/NDser8yZwC

[PrimisBankConsumerAdvocacy @bank_primis]

"Primis Bank is named as a defendant in an active class-action lawsuit in Arkansas related to alleged fraudulent medical-loan practices." @RichmondFed @HouseSmallBiz @stopsonabank @SBAOIG @sec @IRS_CI Get bad #banks out of VA & Arkansas. #smallbusinessowners beware. #fraud

[Stop Sonabank/Primis @stopsonabank]

Please, please let #smallbusinessowners know that #SBA lenders are not vetted or monitored and that lender compliance with @sba SOPs is not enforced. @SBA_BeWarned @SBAOIG @HouseSmallBiz #badbanksarebadforbusiness #deceptivelending #smallbusinessowners #smallbusinesses #fraud

[SBA @SBAgov]

Small business formation is at an all-time high. @SBADeputy_Bill explains how the SBA is helping small businesses capitalize on the Trump economic agenda by increasing access to capital and cutting onerous regulations.

[House Committee on Small Business @HouseSmallBiz]

Yesterday, @HouseSmallBiz passed 9 bills out of Committee to hold the previous SBA accountable and bring greater transparency to the programs Main Street depends on.

READ MORE
https://t.co/zBSFkYGoAF

[Stop Sonabank/Primis @stopsonabank]

#SBAlenderfraud We are working on @sba Borrower's Bill of Rights & the formation of the SBA Borrower Legal Defense Network. #Smallbusinessowners deserve protection from predatory lending & deceptive lending practices. @SBAOIG @KLoeffler @richmondchamber @HouseSmallBiz #fraud

[Stop Sonabank/Primis @stopsonabank]

@CurtKonrad @SBAgov The #SBA has sucked for years. Filled with corrupt idiots - no vetting of lenders. Our #smallbusiness was illegally closed in 2011 - the #SBA is nothing but a taxpayer funded marketing agency for lenders.

[Stop Sonabank/Primis @stopsonabank]

@SBAgov We desperately need an SBA Borrower Legal Defense Network. #SBA lenders are unvetted. #Smallbusiness owners deserve better - they take all the risk - the lenders take none. #Badbanksarebadforbusiness

[Stop Sonabank/Primis @stopsonabank]

The @sba is in bed with some questionable, unvetted lenders. @bank_primis https://t.co/NDser8yZwC

[House Committee on Small Business @HouseSmallBiz]

The federal government needs to get out of the way and let small businesses compete.

@HouseSmallBiz and @SBA_Kelly have worked hard together to increase access to capital on Main Street, because more profit means more success.