1 The lender for the LoanBuilder Loan is WebBank, Member FDIC.
This is an invitation to apply and not an offer or commitment to provide
capital. Applicants must satisfy certain requirements to be eligible.
WebBank is not affiliated with the offer to receive a full credit on
the cost of financing and the credit is not part of your credit agreement
2 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 (3) months; and 3) If you
do not already have one, open a PayPal Business Account to receive the
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.
3 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.
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.