Online lending platform Kabbage has provided $6.50 billion in loans to small businesses in the U.S. since 2011, with $2.00 billion of that working capital distributed last year. In the first quarter of this year, privately held Kabbage originated more than $600 million in new loans, which surpassed new loans booked by publicly traded OnDeck. Kabbage has more than 175,000 customers. Each customer averages 18 loans over a 5-year period. Distribution partners of Kabbage include China-based Alibaba, which offers Kabbage loans as a financing tool to U.S. buyers on its marketplace. Loans of up to...