SAN ANTONIO – Editor’s note: This story was published through a partnership between the San Antonio Business Journal and KSAT. Santikos Entertainment has obtained a $50 million loan that puts the Alamo City-based owner of several movie theaters on firmer financial footing as the COVID-19 pandemic drags on. The loan — facilitated by The Bank of San Antonio through the Federal Reserve Bank’s Main Street Lending Program — will be used to pay off an existing private banking loan whose terms had become burdensome. Without the new loan, Santikos would have been forced to maximize its debt against other assets to maintain operations, CEO Tim Handren said. Read more on this story at the San Antonio Business Journal.

SAN ANTONIO – Santikos just announced plans to open a new theater on the North Side. Santikos announces new theater on far northwest side of San AntonioSantikos puts 100% of the company’s profits back into the community through the San Antonio Area Foundation. “John Santikos’ vision was to have his businesses grow and continue operating for the benefit of the community.”Santikos announced the opening of its 10th theater in November. SA’s newest dine-in movie theater Flix Brewhouse announces opening date, dealsSantikos Galaxy Theater on San Antonio’s Northeast Side reopened on Nov. 22 after an extensive remodel. The goal is to carry on John Santikos’ legacy and make an impact in our community,” said Handren.