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Trump’s Father Helped GOP Candidate With Numerous Loans

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  • Donald Trump often has said on the campaign trail that his business empire grew out of a single $1 million loan from his father.
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Although the GOP candidate says he built his empire from a $1 million loan from his father, a new document shows frequent borrowing from Fred Trump and his companies.

@ggreenwald: Trump often says his dad “only” gave him $1 million as a “loan”, but it was actually $14 million #Meritocracy

While that is a literal description of how he started in business, the story omits significant additional loans and gifts Mr. Trump received in the early years when he was building his real-estate empire, some of which are described in a document reviewed by The Wall Street Journal.

Trump’s Father Helped GOP Candidate With Numerous Loans

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