Former Owner of Geiger’s Market In Default on Loans

The former owner of Geiger’s Market in Hopland is apparently in default on two loans. Former owner Michael Braught received a low-interest Community Development Block Grant or CDBG loan for $180K for inventory and working capital, with the condition that 6 full-time jobs be created by a deadline of July 1, 2024, shortly before putting the business up for sale. The Hopland store, an LLC, also has a Property Assessed Clean Energy or PACE loan from somewhere between $500K and $1 million, which now falls on the county to make payments of roughly $67,000 a year. The taxes on the property are also delinquent. Braught and his partners in the store have not responded to phone messages or other attempts to contact them.