President Donald Trump obtained a loan of more than $50 million from Charles Schwab Bank, according to his annual financial disclosure submitted to the U.S. Office of Government Ethics for 2025, released on Tuesday.
The loan is structured as a pledged-asset line of credit — a financial arrangement that allows borrowers to use their investment holdings as collateral in exchange for cash. Notably, this credit line did not appear in Trump’s ethics disclosure for the previous year, 2024.
According to the 2025 filing, the credit line carries an interest rate of 3.9%. Neither the precise amount borrowed nor the specific purpose of the funds was made public in the disclosure.
According to information on Schwab’s website, this type of credit line can be applied toward a broad range of financial needs, including home purchases and tax obligations. It also comes with no minimum draw requirement and no set maturity date.
Beyond the loan details, the filing shed light on another significant financial development: Trump’s family cryptocurrency ventures generated more than $1.4 billion in income last year. That figure highlights how dramatically digital assets have reshaped the president’s overall financial picture.
