Case Study: The Baby Connection Inc. keeps its business moving with Stearns Bank equipment financing and PPP support

The Baby Connection Inc. keeps 8 employees working with Stearns Bank PPP support

The Baby Connection Inc., a keepsake ultrasound business, faced a potential closure in 2020 when the COVID-19 pandemic caused a severe drop in revenue, leaving owner Billie Jo Estel unable to afford payments on her equipment financing from Stearns Bank.

Stearns Bank provided a solution by helping The Baby Connection secure a Paycheck Protection Program (PPP) loan, which the owner had been unable to obtain from another bank. This allowed the business to retain its eight employees and continue operating at a reduced capacity. The successful outcome strengthened the customer's relationship with the vendor, with Billie Jo stating that without Stearns Bank, she did not know if her business would still be operating.

The Baby Connection Inc