Trump: Dad Gave Me ‘Small Loan’ of $1M to Get Started

GOP 2016 Trump
AP

Donald Trump on Monday described his beginnings in the real estate business, depicting a $1 million loan from his father, a self-made millionaire who was a real estate mogul in Brooklyn and Queens, as "small."

The Republican candidate was asked in a town hall in New Hampshire on "Today" if he had ever been told "no" to anything in his life. 

"Oh many times,'' Trump said about being told no. "My whole life, really, has been a no. It has not been easy for me. I started off in Brooklyn. My father gave me a small loan of a million dollars. I came into Manhattan, and I had to pay him back, and I had to pay him back with interest. But I came into Manhattan and I started buying properties, and I did great."

"Today's" Matt Lauer responded to Trump's characterization of the loan by saying, the loan "is going to seem pretty easy to a lot of people."

"You're right, but a million dollars isn't very much compared to what I've built," Trump replied. "I mean, I've built one of the great companies, but it's always been, you know, you can't do this, you can't do that."

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