Lindell’s company had to turn to a merchant cash advance provider, which are considered payday lenders for businesses.

MyPillow owner Mike Lindell said in a lawsuit this week that his company took on a loan at an annual interest rate of 409%, contributing to the company’s dire financial straits, according to a report.

Lindell, who has been sued over his false claims the 2020 election was rigged, said misconduct by the company makes the loan "unenforceable"

MyPillow and its owner Mike Lindell have sued a payday lender. It's at least the third lawsuit with other high-rate advance companies.