25 Quotes by Fritz Elmendorf

Small businesses are very important customers for banks today because there are more of them than ever before and each and every bank is fighting to get them.

Small banks come out with an edge on pricing, but what is not measured is the convenience factor.

The key to attracting small businesses is to give them as many different services as possible. Because today if one bank won't do that, another will.

The larger banks are seeing a lot of market share in this area, but the larger credit unions and the ones being run by ex-bankers are setting up arrangements where a non-member can finance a car right at the dealership just by signing up to be a member.

If you don't trust yourself with that much credit, you should ask that the limit be reduced.

Generally, they're very eager to resolve issues with their customers, to make accommodations to retain the customer. It's much easier to retain a customer than to find a new customer.

The finance manager is going to find someone to approve your loan. It's just a matter of what you're going to pay for it. It may not be the best rate out there, but it will get you in a car.