Turns out you were right Brastic. We did put the time in and carefully planned and detailed what we were looking for. We were convincing enough that a local credit union gave us a loan and 1 year later here we are, struggling and still working our day jobs on top of a new business but we are loving it and are so glad we went ahead with it.
If you are thinking about doing a business and have come across this post, my advice is take the time and commit to paper your ideas and plans. It will help you think through the steps better and if you have to go to a bank they will want to see it.