News Columns & Blogs
Sugar Sisters Bakery & Cafe pays substantial amount of loan, refinances
WICHITA — It's not quite the sweet smell of success just yet for Sugar Sisters Bakery & Cafe, but it looks like the restaurant's legal troubles may be over.
"We've got that all worked out," says Patty Sykes, who owns the restaurant with her family.
In June, Have You Heard? reported that the business, which is near Central and Oliver, defaulted on a $165,000 SBA loan. Citizens Bank of Kansas, which administered the loan, filed a lawsuit against the restaurant to collect the money.
"We just paid off the majority of it and just refinanced," Sykes says.
According to court documents, Sugar Sisters recently paid more than $90,000 and has $33,415 left to pay on the loan.
Sykes says the restaurant is now making some changes in order to be more competitive.
"We're just trying to do things that are just going to . . . obviously increase sales and customer loyalty," Sykes says.
"We're going to focus . . . less on the cafe side, more on the bakery side."
(more…)
Comments