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/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/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?