BMO Harris Bank recently provided a $21.7 million loan facility to Scott and Tani McMillan, the largest franchisees of Sonic Drive-In restaurants in California. With 24 restaurants in the state, the McMillans used the funds to recapitalize their companies and will open as many as six new restaurants over the next two years.

The McMillans’ desire for a bank that could provide guidance beyond lending solutions, as well as their long-term relationship with members of BMO Harris’ franchise finance group, was a key factor in securing the deal.

“In my 20 years of business, of all the banks and lenders I have been in contact with and used, BMO Harris Bank has been the most professional, the most respectful of my business, and the most genuinely interested in partnering with me and my long-term goals,” said Scott McMillan. “The lending process was streamlined and efficient. The franchise finance lending department is top-notch, and we look forward to many, many years together.”

According to BMO Harris Bank’s franchise finance managing director, Rick Meiklejohn, the McMillan’s are typical of the types of operators that BMO Harris Bank works with. “They have a very clear vision of where they want to take their companies, and we’re proud to be able to help them achieve that vision. Our experienced team was able to bring a customized loan structure to the table that met their needs.”