An asset- based loan is a loan that is secured by owned collateral. Typically, they may be secured by real- estate, accounts receive, equipment or other property that may be owned by the business owner. This secures the loan for the lender, in case where the borrower defaults on the loan, the lender has the right to obtain the assets. Business owners can get asset-based loans by researching lenders that offer the product. An asset-based loan is offered to small businesses that have assets available that can be used as collateral to receive financing. The asset may not be offered as collateral to another lender for any additional financing.