Mike Lindell reveals shocking details about MyPillow's loan struggles

Mike Lindell, CEO of MyPillow, disclosed that his company acquired a $1.6 million loan from a payday lender with a 409% interest rate. He highlighted that payday lenders target struggling businesses, creating unstable financial conditions with unsustainable loan terms. Lindell criticized these practices as predatory, indicating they endanger small businesses and hinder their financial health. He called for more transparent and supportive lending practices to help struggling businesses. His experience underscores rising concerns regarding payday lending in the corporate sector and its implications for business stability.

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