Banks are known for turning down start-up business unless you have a long term relationship with someone at the bank. If he doesn't have one, he needs to start building a relationship now. Find someone who is going to take care of him and his needs.

The SBA is more likely to give you a loan than your fiance (unless he is some minority status). If there is a way for you to go into business with him and you be majority owner, you have a better shot with the SBA.

The other poster brings up good questions about family and friends to borrow from. Can any of them help? Do you have a house that you can borrow against? 401k money or something?

Obviously this is an already established business. Does your finance already own part of the business and he is trying to buy out his partner? Or is he just trying to buy this business?

I am happy to speak with you and/or your fiance off line if you are interested.

Suzanne
SHB Consultants, Inc.
www.newbiz-coaching.com
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SHB Consultants, Inc.