Ok....Myself and my husband have always been entrepeneurs. We have started and SOLD 3 businesses that were all successful and had another business that, although it was successful, we were unable to sell due to having NO time to sell!
We have been trying to get some financing on a new venture. Nothing new, we have done it before. In fact, we have done it before when we had WAY LESS income than we do now!
WE got TURNED DOWN because , Now read this carefully......this is the ONLY reason they say they denied us!......AND I QUOTE......
"You (meaning ME) made more money in 2007 than 2006 and in 2008, so far, you have made a lot more than you did in 2007.(meaning Real Estate income) AND we have to turn you down because we feel that your income is unpredictable, because of the big increase in income over the past 2 years."
HAVE I LOST MY MIND!? An increase in income DISqualifies a person from financing!!
Has anyone ever experienced this before?