Mergers and Acquisitions

American Express acquires small business lending company Kabbage. To date, Kabbage has provided $9 billion in working capital loans to more than 220,000 small businesses in the United States. The company makes a very quick decision to issue a loan, applications for up to $250,000 are processed within 10 minutes. In addition, Kabbage is a member of the government's payroll loan program, which is virtually risk-free for the company.