Okay heres the deal we have exhausted all money resources and our partner doesnt want to get a business loan?

What to do?? he is our business partner and we want him to secure a business loan but he wont; we are overdrawn and deaperatly need his help?!!!

It's time to re-evaluate the business because you're feeding an alligator. Your partner is doing the wisest thing, not throwing money into a failing business.

You've exhausted all money resources and the business is still failing - why should your partner get a loan for the business? What will change?

As recommended, close up shop and move on. Sell whatever assets the business has, make arrangements to pay back your creditors and refer your customers to other businesses. Sometimes it happens, a business doesn't work out.

You need to cut your losses.

Sounds like it is time to close up shop if you are doing that poorly. Do you really think taking on debt will get you out of the hole?

It sounds as if he doesn't want to take any risks. Was he expected to at the time he became a partner? Was it made clear to him? If he didn't expect to take any risks then what was his imput share susposed to consist of (time, skill, contacts?)
You state you guys are overdrawn and therefore you have put your necks out to borrow money for the business, I think he should do the same. If he won't get rid of him. If your in a position where you need help desperately then the business can't be worth much if anything at all so it won't cost anything to buy him out. Get another partner whos sees you investment as worthwhile and is willing to take a chance.

If you do not have a bad credit getting business loans are easy. It is generally seen that bad credit acts as an obstacle in the smooth running of a business. Are you also facing the same problem? No need to worry, as bad credit business loan is here to solve all your problems<!--The perfect use of bad credit business loan comprises of the improvement of credentials so that you can avail any loan in the future. You can find more information on Business loans here,

http://best-loans.awardspace.com/busines...

You can first gather complete information regarding these types of loans. Move ahead in business with bad credit business loans. An effective way to get rid of your bad credit score and to speed up your-->business dealings is bad credit business loans. You can maintain your perfect credit score as long as you pay off your installments in time. This credit score improvement can enable you to avail any future loan with better terms and conditions.

Do you have P P & E that you can liquidate to raise cash?