Two Finovate alums are joining forces to better provide online small businesses with working capital.

Atlanta-based Kabbage announced yesterday that it has partnered with New Zealand-based Xero to use small business’ accounting data to underwrite loans.

Through this partnership, Xero’s customers will be able to receive an answer on an underwriting decision in fewer than 10 minutes.

This is Kabbage’s fourth major underwriting and distribution partnership in the past six months. Integrations with Authorize.net, Quickbooks, Stripe have also provided enhanced ways to underwrite small business loans.

Kabbage debuted its Quickbooks financing platform at FinovateSpring earlier this year.

Xero showcased its Business Identification method at FinovateSpring 2011.