> The large institutions are more savvy, have staff they can devote to finding this money, and have more connections to the banks. Except, when they aren't.

> The large institutions are more savvy, have staff they can devote to finding this money, and have more connections to the banks. Except, when they aren't. Wells Fargo got completely eclipsed by a much smaller regional bank. Per the LA Times: "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. As banking giants tried to automate the process, hundreds of employees at Texas lender Cullen/Frost Bankers Inc. volunteered to fill out forms manually, working late into the night in homes to set up $3 billion in loans. That contrasts with Wells Fargo & Co., which arranged only about $120 million by the time the program was depleted this week, according to people briefed on its progress." From: https://www.latimes.com/business/story/2020-04-18/small-business-loans-coronavirus-unemployment https://www.latimes.com/business/story/2020-04-18/small-busi...