NEW YORK (AP) – A bank’s decision to loan Donald Trump’s company $100 million is the latest evidence the former president might survive fraud investigations and a business-world backlash over his efforts to stay in office after losing the 2020 election.
San Diego-based Axos Bank finalized the loan with the Trump Organization on Feb. 17, according to documents filed with the city Tuesday.
That’s just three days after public revelations that the Republican’s longtime accountants had disavowed a decade’s worth of his financial statements amid allegations by New York’s attorney general that they had exaggerated his wealth.
The Axos loan is being used to pay back an old loan backed by commercial space at Trump Tower that was coming due in September.
A year ago, it looked possible that Trump might become a pariah after his supporters stormed the U.S. Capitol in an attempt to stop a vote certifying President Joe Biden’s election win. Banks, insurers and other business partners all cut ties following the riot.