New small business lender Kikka Capital has joined forces with payments processor eWay to develop an online small business loan program, eWay Capital.Kikka, which started operations three weeks ago, uses the lending platform of US online lender Kabbage.Kikka is offering SMEs working capital of up to A$100,000. Like a number of other new online lenders it uses a variety of data sources, including transaction data through eBay, Xero and other payment gateways, bank account information and credit scores to assess applicants.It promises to have approvals finalised within seven minutes of an application being received and funds available the same day.Kikka is only lending to businesses and transactions are entirely online. Established competitors include Moula, Thin Cats and Prosper.Kikka managing director David Brennan said eWay, which has been in the market for 23 years and has a big share of the payment processing market, would give Kikka reach.Kikka is lending off its own balance sheet and is funded with a range of debt facilities provided by overseas investors.