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Pain du Monde Expands Into New Location, Menus with SBA 7(a) Loan
Restaurateur Scott McVean originally established Pain du Monde Cafe in a small Balboa Island storefront in 1988, selling fresh-baked bread, muffins, and delicate pastries. Over the years Pain du Monde Cafe, known also as PdM Cafe, expanded to four locations, all of which are located in Orange County, California. In 2013, McVean decided it was time to grow the brand and establish Pain du Monde Kitchen, a full size, free standing, three meal restaurant. Despite being in business more than 25 years, Scott had never applied for financing from a bank. However, working with Commerce National Bank's Nancy Russell, was able to get the project funded, establish his new location, and hire approximately 55 employees in the process.
According to McVean, "This is a totally different business than my other four locations, and the capital requirements are much more intensive. I couldn't have done it without SBA and Commerce National Bank." Pain du Monde's newest location, in Irvine, has now been open more than 5 months. McVean, for his part, is enjoying serving the community around his newest location. "It has a different feel than my other locations. People stay here after their meals and chat. We've got a lot of families that come in."