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Tuesday, September 29, 2020
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Middletown resident facing charges for allegedly seeking $4.7M in fraudulent PPP...

PROVIDENCE – A Middletown resident is facing charges of making false statements to influence the U.S. Small Business Administration and bank fraud, the U.S....
BIG SCREEN: Bob Mathews, account manager for CCS Presentation Systems New England, stands in front of a large 24-cube video wall within the engineering emerging technologies lab inside the new School of Engineering at Roger Williams University. / PBN PHOTO/KATE WHITNEY LUCEY

For CCS Presentation Systems New England, it’s all about presentation

PBN FASTEST GROWING COMPANIES 2020 $250,000 – $5M 1. CCS Presentation Systems New England CEO (or equivalent): Cheryl Gamst, president 2019 Revenue: $1.8 million 2017 Revenue: $200,000 Revenue growth:...

Navigant continues to build a bigger union

PBN FASTEST GROWING COMPANIES 2020 $75M AND ABOVE 3. Navigant Credit Union CEO (or equivalent): Gary Furtado 2019 Revenue: $107 million 2017 Revenue: $77.4 million Revenue growth:...

BankNewport continues to expand from Newport to statewide

PBN FASTEST GROWING COMPANIES 2020 $75M AND ABOVE 5. BankNewport CEO (or equivalent): Sandra J. Pattie 2019 Revenue: $97.9 million 2017 Revenue: $73.6 million Revenue growth: 33.1% AT A...

Staffing is a ‘holy’ business model at Available Staffing Network

PBN FASTEST GROWING COMPANIES 2020 $5M - $25M 3. Available Staffing Network LLC CEO (or equivalent): Danilo Reyes, founder and CEO 2019 Revenue: $7.2 million 2017 Revenue: $4.2...
MAPPING IT OUT: From left, Ricky Bernard, co-owner of Island House Restaurant; Providence Revolving Fund Executive Director Carrie Zaslow; and Project Manager Thomas D’Ovidio go over a map outside of Bernard’s establishment.  / PBN PHOTO/RUPERT WHITELEY

Providence Revolving Fund provides a financial key to reopening businesse

PBN INNOVATIVE COMPANIES 2020 FINANCIAL Providence Revolving Fund Evelyn Guillen couldn’t get either the U.S. Small Business Administration Paycheck Protection Program or Economic Injury Disaster...
SAVINGS EATEN AWAY: Chicago Alderman Tom Tunney, inside the main Ann Sather restaurant in Chicago, estimates he’s put $250,000 of his own money into running his three restaurants. / AP PHOTO/CHARLES REX ARBOGAST

Owners tap into savings to withstand pandemic

NEW YORK – When the coronavirus outbreak forced cruise lines to cancel trips to Alaska, it wiped out Midgi Moore’s tour business, leaving her...
ONE MAN was indicted, while another was said to have agreed to plead guilty to charges related to an alleged conspiracy to file for fraudulent forgivable Paycheck Protection Program loans from the U.S. Small Business Administration.

DOJ: Warwick man to plead guilty to attempted PPP fraud

PROVIDENCE – In May, two businessmen from Rhode Island and Massachusetts were named by federal prosecutors as the first in the country to be...

PPP loan forgiveness: why might patience be a virtue?

The information age has been rapidly transforming the way that we consume information. Published articles, social media, network news, and online news sources hit...
BITTER SITUATION: Providence Brewing Co. owner Efren Hidalgo has received an eviction notice from his landlord for his North Providence brewery. Without enough money to move his equipment to a new location, Hidalgo is worried that if he is forced from his North Providence location immediately, he will default on his sales contracts. / PBN PHOTO/MICHAEL SALERNO

Innovative R.I. court program to protect pandemic-crippled businesses goes untapped

Government lifelines are disappearing for businesses gutted by the COVID-19 pandemic. Struggling small-business owners who received an infusion of cash from the Paycheck Protection Program...

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