He was hoping the banker could give him some help.

For the last ten years, my husband had been working for the same HVAC company. He was one of the best HVAC technicians, if not the best, that they had in their company. My husband had gone from school, to top HvAC technician and being married, and now he was a new father. He wanted to start his own HVAC company in honor of his daughter. I knew that he would need to go to the bank and get some information before we could make a decision. I told him that I wanted him to talk to the bank before we made that decision. I made an appointment for him to talk to the loan officer the next day. He wasn’t sure if he was going to be able to get off work, and I told him he had to. This was our future that we were talking about. The next day, my husband took off work an hour early and headed down to the bank. He explained that he wanted to start his own HvAC company. He knew he had excellent credit and he wanted to start the process as soon as possible. The loan officer excused himself and said he needed to get some paperwork. In the meantime, he had pulled our credit report. He came back into the office and said he couldn’t do a business loan at that time. He said our debt to income ratio was way too high. We had been living on credit cards for way too long. We needed to get some of the credit cards paid off before we could even be considered for a business loan.

 

 

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