Kabbage said the securitization was oversubscribed. In fact, last night, when I interviewed Kevin Phillips, head of corporate development and one of the people who built Kabbage’s original platform when it was founded in Atlanta, Georgia, he told me that by the time the securitization closes (around March 20), it’s likely to be a little higher than $500 million, maybe more like $525 million, due to interest from institutional investors and others. Guggenheim Securities, a previous backer of Kabbage who was behind a $270 million credit line to the company in 2014, is serving as sole structuring advisor and initial purchaser of the notes. Kabbage’s rising fortunes are coming at critical point for the online small business loan market.

https://techcrunch.com/2017/03/08/kabbage-nabs-500m-for-small-business-loans/