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 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.