Posted on 09/30/2023 9:16:22 AM PDT by Roman_War_Criminal
Mike Lindell said MyPillow was left crippled after American Express slashed their credit line.
"No reason, no explanation, just dropped it down last Tuesday," he said on the "War Room" podcast.
A Minnesota bank previously terminated Lindell as a client after calling him a "reputation risk."
MyPillow CEO Mike Lindell said that his company has been crippled by American Express's decision to slash its credit line.
"Steve, we really need everybody's help right now. We have things going on I'm going to let you all know this week," Lindell told fellow Trump ally Steve Bannon on the latter's "War Room" podcast on Monday.
(Excerpt) Read more at yahoo.com ...
Ask Elon Musk for a loan? Otherwise, it’s over. Liquidate his assets.
Yup! And “they” have the power to do it.
He’s running his pillow company off one credit card?
Amex? His business line is his credit card?
How viable is your business if you can’t keep enough cash flow?
This is kind of suspicious IMO. There should be some boutique-type outfit that would be able to fund Lindell, if there is a real business there anymore.
American Express ought to get the “Bud Light” treatment!
They’re in league with the demons who would destroy this country because it stood for freedom and justice!
We need to go after these companies financially. And let them know about it.
AMEX is more than just credit cards sillies.
BUT...every lender right now is cutting credit lines and customer LOC they think might be risky.
My Pillow is one of them for sure. With nobody carrying his product line anymore...well...
I’ve wondered about how financially stable the company is since I’ve started seeing the guy all over the place talking about everything except his company and the products they sell.
the harassment stops
if he shuts up
same for Trump if he drops out
fascism in action
its a credit line
amex lends money
Extremely dangerous to freedom.
Communists punish capitalists and dissenters everywhere they rule. And reward their lapdogs. Now it’s arriving here. Good Disney and ESPN but bad MyPillow.
The fact our leftist associates and friends back up the woke side is so wrong.
There are lots of options in the credit market and no shortage of banks and investors eager to extend MyPillow a million dollar line of credit.
Amex runs an on-line bank that offers significant credit lines to "small business" as an extension of their credit card services. Its usually not the best or cheapest option.
Overall he would far better offer establishing either term loans or revolving credit with local banks. Rates, service and amounts would be better. Its possible that some banks in leftist MSP would not want his business, but there still should be many local and regional banks who would be interested.
If banks are truly that politicized, he could even do a private debt placement with wealth investors. If his business is solid, there are many wealthy conservatives who would likely support him.
I would love to see the "My Pillow" books and spend a day with his management team. I suspect there are financial issues with his company that are turning-off potential lenders. The cause could very well be political revenge, or it could simply be poor management, or some combination. IDK.
Walmart was the kill shot. The CEO is a leftist a hole. He dumped the entire product line despite strong sales
You both know he's in this predicament because of his staunch support of President Trump, right?
The left came after him immediately after he started helping Trump.
I tried 3 times to access the mypillow.com website but am blocked. Did anyone else have that problem?
I know that's part of it. I also know that he had already become a celebrity of sorts because he was making TV appearances all the time to talk about his life story and his politics.
A normal CEO doesn't have time for that. Whenever I see a local business owner operating that way, I look for signs that his business is in trouble. I'm rarely wrong.
Ask Elon Musk for a loan? Otherwise, itās over. Liquidate his assets.
Not a bad idea. It would be a great opportunity to bring X into the āeverything appā. He wanted to rebrand PayPal as X years ago because he wanted to capture a lot of other financial services.
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