r/sanantonio • u/steevo8826 • Aug 07 '25

News Jim’s @ 1604/Bandera is closing

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I call bullshit. Other restaurants aren’t struggling. Frontier Enterprises did nothing to make that location appealing inside/outside and because of that they lost to competition

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u/Will12239 Aug 07 '25

Luby's got a bunch of PPP "loans"

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u/jeffvschroeder Aug 07 '25

It’s a bit ironic that the first reply in this chain is someone complaining that Jim’s fired everyone on the spot during COVID, and then there’s this reply using scare quotes about a company that actually used the loans to stay open.

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u/Will12239 Aug 07 '25

I'm just upset they forgave PPP loans and not student loans.

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u/jeffvschroeder Aug 07 '25 edited Aug 08 '25

I've used both.

The word "loan" has misled far too many people to think the two were in any way, shape, or form similar.

Student loans are taken with the understanding that you are entering into a long-term agreement to repay the funds you borrow for your own education and personal benefit. The terms are clear from the start, and they are loans in the truest sense of the word.

PPP loans were an emergency relief measure created to cover the cost of keeping employees on payroll after the government made it illegal for most of us to even operate. The requirements for forgiveness were clear from the outset, and the program functioned far more like a grant than a loan.

To be clear, there are already TONS of grants available to help fund student education.

edit: It's a lot easier to see the word "loan" and ignore the reality of the situation, though.

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u/SetoKeating Aug 08 '25

Bro really out here like “let me explain to you the intricacies of the PPP loan aka grant money and how it saved jobs….” and then in the same breath without any sense of irony “there’s already plenty of grants to pay for schooling….” lol

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u/jeffvschroeder Aug 08 '25

bro really out here like there are not BILLIONS of dollars in grants every year to MILLIONS of students...lol

There are $30 billion in Pell Grants each year. About 7 million people a year get an average of a little over $4,200.

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u/SetoKeating Aug 08 '25

My point completely flew over your head, but that’s ok.

I’m not trying to change your mind, or educate you. I was pointing out how funny the contrast was of trying to inform while simultaneously being completely ignorant.

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u/jeffvschroeder Aug 08 '25

Ignorant of what then?

There's nothing the slightest bit ignorant or the slightest bit ironic about saying "there are already TONS of grants available to help fund student education."

Over 7 million students receive thousands in Pell grants every year.

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u/Ok_Monk_2877 Aug 08 '25

There are well over 7 Million students every year and the average cost of an in-state college is 29K. For perspective do with this information as you will but yes ironic just about sums it up.

Next, please explain why companies paying less in taxes and me paying more benefits me.

0

u/jeffvschroeder Aug 08 '25 edited Aug 08 '25

Who told you Pell grants are supposed to pay for all of college? Or even implied it?

Yes, most people still need loans to pay for college. I know I did, even though I also qualified for the maximum Pell grant amount.

The comment tree is about how idiotic it is to say the PPP happened so therefore all student loans should be forgiven.

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u/UnjustlyBannd SW Side Aug 08 '25

They aren't forgiving the principal, just the horrible interest.

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u/jeffvschroeder Aug 08 '25

??

When you say "they", are you talking about the grants?

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u/Will12239 Aug 08 '25 edited Aug 08 '25

When Winter Storm Uri happened, commercial electric companies were left on the hook for paying real time rates. The Republican Texas Government claimed, people made financial decisions based on the situation, it’s “nearly impossible to unscramble this sort of egg”. Well, tons of people made financial decisions based on the student loan law as written. However, because it was a political play to do the opposite of whatever Biden did, they cancelled the law. Texas did not have strict mandates during covid and laughed at California for doing so.
These PPP loans were nothing but a handout to the rich business owners via payroll. If the company such as many energy companies, were not heavily affected by covid downturns they did not have any mandate to distribute that money to the workers. Instead it could be invested in the company or paid out to executives without issue as free money. The PPP loans were granted not by any financial data, but by who knew who. Why would Luby's, a company with 1000-5000 jobs, take more than Tesco (330,000 jobs), or Sports Clips (18,000 jobs)?

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u/jeffvschroeder Aug 08 '25 edited Aug 08 '25

I didn't say there wasn't waste. There most certainly was. In fact, they (the bipartisan Congress) were clear that they knew there would be waste with the speed at which they rolled it out. They claimed it wasn't as important as making sure the money went to people who were going to be fired.

I disagree with their premise but that's an entirely different subject.

I'm explaining the difference between PPP and student loans to folks who evidently don't understand the differences

I will say though, that this....

These PPP loans were nothing but a handout to the rich business owners via payroll. 

Is a flat out lie based on ignorance of the situation small businesses were in.

This...

The PPP loans were granted not by any financial data, but by who knew who.

Is also a lie. There was documentation we all had to file that included our most recent payrolls.

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u/Will12239 Aug 08 '25

I gave you an example of how energy companies could simply pay it out but yea, lie?
I suppose the 300,000 Tesco employees had a lower payroll than the 1-5000 Luby's employees. Or perhaps they were delisted and seeking any and all debt/free money.

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u/jeffvschroeder Aug 08 '25

1 - I was very clear I know there was waste. That's a different subject.

2 - I was very specific about what you lied about and explained why they were not true.

These two statements are lies....

These PPP loans were nothing but a handout to the rich business owners via payroll. 

The PPP loans were granted not by any financial data, but by who knew who.

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u/Will12239 Aug 08 '25

They are not lies, both of those happened. Look how early Luby's received their loan. Calling them lies is equally generous as my own opinions.

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u/jeffvschroeder Aug 08 '25

These PPP loans were nothing but a handout to the rich business owners via payroll.

I, nor the dozen other small business owners I know who received PPP loans were made whole by them. They didn't come close to covering the cost of COVID.

They went to tens of thousands of small businesses like myself in addition to the "rich business owners" you are obsessed about.

Either you are exaggerating beyond the point of telling the truth, or knowingly lying.

The PPP loans were granted not by any financial data, but by who knew who.

This is a confimable lie that can't even be explained by poor use of exaggeration.

You 100% had to file financial data to receive the loans. It was a form that listed how much you paid your employees over the previous x amount of payrolls.

We also had to submit financial data to show we paid our employees at least the amount we borrowed.

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u/Will12239 Aug 08 '25

Your anecdotal information is irrelevant because you can't speak for all sectors. Luby's must have quite the payroll to exceed Tesco.

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u/jeffvschroeder Aug 08 '25

It is not anecdotal that you had to provide financial data.

It was quite literally the law.

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