KUKI News

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.

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