Business owner has ~650 credit, owns a home valued at $150k, and is looking for an asset based loan for a $100k purchase . Also has a business that's been running about a year, with monthly sales about $10k.

What kind of docs would you need for a deal like this? Is a hard money loan a better option than an ABL? If so, which funders do asset based lending (WBL, SFS, etc)?