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Upgrade Your Site to Magento 2 with Magento Migration Loans

Brent Peterson Brent Peterson May 7, 2020

Upgrade Your Site to Magento 2 with Magento Migration Loans

If you’re still using Magento 1 for your eCommerce site, time is running out before the end-of-life support will end. In June 2020, all versions of Magento 1 will no longer be supported by Magento or Adobe. Although it will still be accessible and usable for developers and merchants, delaying migration can cause increased difficulties with security and functionality.

During this unpredictable time, Wagento understands that merchants may not have the current resources or time available to migrate to Magento 2. To ensure that your website can continue running smoothly, Wagento has partnered with LoanBuilder to help you fund your Magento 2 migration.

About the Magento Migration Loan

LoanBuilder, a service backed by PayPal, allows flexible financing options for organizations to obtain loans of anywhere from $5,000 to $500,000 to fund their website migrations. Business leaders can pay off the loan in a time frame that works best for them. For instance, if you’d prefer to make lower payments, you can select a longer term. For a lower fixed fee, you can choose a shorter term.

The Magento Migration Loan doesn’t just offer funds, however; merchants will also be paired with partner support for a fast, seamless transition to the Magento 2 platform. Once the migration occurs, the merchant will receive a full credit from PayPal on the cost of the financing.

How It Works

To check if you’re eligible for a Magento Migration Loan, simply fill out a short online questionnaire, which should take just 5-10 minutes. After you complete the questionnaire, estimated loan terms will appear, and you can customize them by adjusting the loan amount or duration of the term to compare varying costs. When you choose your preferred terms, submit the application.

If you’re approved for the loan, you’ll be asked to provide an electronic signature for a contract. The document will be emailed to you, as it also includes bank instructions so your payments can be made directly to your business checking account. When the loan begins, the funds will be transferred by the lender directly into your company’s bank account. Transfers can occur in as little as one business day!

Apply for Your Loan

If you’re still using Magento 1, don’t wait to migrate until support ends! Follow this link to find out how easy it is to begin migrating your website with a Magento Migration Loan today.

Ready to migrate? Move to Magento 2 with Wagento!

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