There are two bands named Sugarloaf. 1) Sugarloaf was a Denver, Colorado-based rock & roll band in the 1970s featuring Jerry Corbetta. The band was originally known as Chocolate Hair. They changed their name to Sugarloaf, named after a mountain range in Colorado, when they received their first recording contract. According to the Green Eyed Lady Songfacts, the group was formed from the remains of the band The Moonrakers, with five members of that group carried over.