Exactly one month ago, President Trump signed the CARES Act into law at a Republicans-only signing ceremony at the White House. The legislation was supposed to sure up the economy, stop the hemorrhaging of jobs and as Trump put it, “we’re going to have a rebound like we have never seen before.”

A loophole in the payroll protection loan program allowed large restaurants like Potbelly’s and Ruth’s Chris Steakhouse to get loans of over $5 million dollars. 

Large restaurant chains have gobbled up $30 million in federal loans meant to shore up small businesses during the coronavirus crisis.

Smaller banks were able to fund business emergency loans faster than some of the largest U.S. banks, reports Bloomberg. 

Small businesses that rushed in vain to tap $349 billion in emergency U.S. loans to survive the coronavirus crisis are facing a harsh reality: Some of the nation’s top banks lagged behind relatively tiny rivals in handling applications.