MyPillow CEO Mike Lindell has revealed that his company has been severely impacted after American Express slashed its credit line. Lindell expressed his concern and called for help during an interview on the “War Room” podcast. He stated that American Express reduced MyPillow’s credit line from $1 million to $100,000 without any explanation or reason, severely crippling the company. Lindell also mentioned that American Express had been providing services to MyPillow for the past 15 years. American Express declined to comment on Lindell’s claims.
This is not the first time Lindell has faced difficulties securing credit for his company. Last year, he was terminated as a client by Minnesota Bank & Trust after being labeled a “reputation risk.” Lindell’s strong support for former President Donald Trump and his groundless election fraud claims have significantly impacted his pillow business. In July, he even had to auction off equipment from his pillow factory in Minnesota after losing over $100 million in retail sales. Lindell is also dealing with billion-dollar defamation lawsuits from Dominion Voting Systems and Smartmatic over his claims about their involvement in the 2020 election.
MyPillow and American Express representatives have not responded to requests for comment regarding Lindell’s recent statements.