The answer is that the PPP language had a carveout for restaurants and hotels regardless of their number of employees. The National Restaurant Association supported and lobbied for that exemption. Potbelly and Shake Shack each got a $10 million PPP loan thanks to the exemption. Ruth’s Chris got $20 million, even though the loans were capped at $10 million, by applying for two subsidiaries.
-- Daniel Roberts, Yahoo Finance