Unfortunately not under the terms you'd like it to be. He could perhaps file for a (small) investor's visa, with an investment of $65,000+ (E-2)? or other possibilities? Schedule a consultation with an immigration lawyer to learn all the available options and their applicability to your and brother's situation.
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You can file for him but as you may now, it would not happen that soon that he would be able to come if at all. You may try and file for humanitarian parole but I have yet to see that one granted.
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I agree with the I-130 and humanitarian parole; however, you should have a consultation with an attorney to see whether there are more creative options.
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