An asset based loan (ABL) is a generic term that describes a type of business financing that is secured by company assets. These loans are usually offered by non-bank lenders that will not require the borrower to have strong credit as part of their loan decision. ABL companies make loans based primarily, or entirely, on the value of the business’ assets. This is a valuable option for a BFC to offer companies where the business, or business owners, have less than perfect credit. BFC’s can earn up to 10 points on asset based transactions.