Trump Sought a Loan During the 2016 Campaign. Deutsche Bank Said No.

President Trump gestures as he plays golf atTrump Turnberry in Scotland. Credit: Andy Buchanan, AFP, Getty Images</em

Donald J. Trump was burning through cash.

It was early 2016, and he was lending tens of millions of dollars to his presidential campaign and had been spending large sums to expand the Trump Organization’s roster of high-end properties.

To finance his business’s growth, Mr. Trump turned to a longtime ally, Deutsche Bank, one of the few banks still willing to lend money to the man who has called himself “The King of Debt.”