PPP loan applicants start to see funding come through; lenders plan to ramp up distribution this week

CENTREVILLE BANK has started distributing funds into the accounts of accepted PPP loan applicants, with plans to ramp up distribution this week. / COURTESY CENTREVILLE BANK
PROVIDENCE – Chris Bicho originally anticipated making a second round of layoffs on Friday. Amid the abrupt economic shutdown, the owner and founder of Newport-based Landings Real Estate Group had cut 28 people from his staff of 78 and planned to lay off another nine. But after learning he would be receiving the much-anticipated paycheck…

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