The Magento Migration Loan, a type of LoanBuilder Loan1, offers eligible businesses between $5,000 and $500,0002 to fund their migration to Magento M2 ahead of the June 2020 end-of-support deadline.
For a limited time, apply now, and if approved, enjoy a full credit from PayPal on the loan fee3 when you also activate Braintree for 3 months and benefit from global payment options and digital wallets.
Take our interactive quiz to see if a Magento Migration Loan is an option for your business!
1 The lender for the LoanBuilder Loan is WebBank, Member FDIC.
2 Subject to lender approval, the LoanBuilder Loan is offered from $5,000 to $500,000 and with durations from 13 to 52 weeks depending on the loan amount.
3 Merchants can receive a credit to their PayPal Business Account equal to the full amount of the loan fee by fulfilling the following three migration requirements: 1) Sign a Magento M2 renewal license invoice and make at least one payment on the invoice; 2) Sign a three (3) year processing/renewal agreement with Braintree and process with Braintree on your Magento M2 website for at least three months; and 3) If you do not already have one, open a PayPal Business Account to receive the credit. Merchants will receive the full credit from PayPal within 6-8 weeks of having fulfilled all three migration requirements. Merchant may be contacted by a Braintree Enterprise Sales Representative to receive more information about creating a merchant account with Braintree.
4 The lender transfers funds to your business’s bank account as fast as the next business day if the lender has received the documents the lender asked for and approved the loan by 5:00 p.m. Eastern Time, Monday through Friday (excluding bank holidays).
5 In addition to the fixed fee (Total Interest Charge) for the loan, the only other cost is a $20 Returned Item Fee that is only assessed if a payment is returned.