Denied because bank doesn’t like owner of my company

[Kyle Tu]

I’m trying to buy a property right now. My bank came back and says that because they don’t like who owns the company I work at, they don’t want to lend to me. Can a bank decline my loan because they don’t like the owner of my company? I’d switch banks if I could, but won’t have time and don’t want to lose my earnest money. Thanks!