Discount Retail Store Services Provides Commentary on SoftBank’s $50 Billion Investment in the US

Share Article

Responding to recent news regarding SoftBank, Discount Retail Store Services believes that the Internet Corporation’s multibillion-dollar loan will positively affect business startups in the US.

On Tuesday, December 6th, Masayoshi Son, the head of Japan’s Softbank, announced that the corporation would invest $50 billion in the United States, pledging to use the money to create an estimated 50,000 jobs. Mr. Son stated that the money would be targeted for new business startups.

According to Discount Retail Store Services, it appears this money will be a boon to the Franchise and Business Opportunity industries which have struggled for the past nine years with a lack of traditional financing.

“SoftBank’s $50 billion loan infusion could be incredible for business startups,” says James Wichert, owner of Discount Retail Store Services. The company believes that as this money makes its way into the banking system, it should create a tremendous amount of cash that can be used for traditional lending.

Wichert’s company has opened over 4,000 retail stores over the past 23 years and he believes that a combination of these new programs could finally produce the lending levels necessary to finally spark start ups for entrepreneurs. According to Wichert, there are many people who desire to become business owners but who have been blocked due to limited bank financing.

“Years ago,” says Wichert, “it was very common for investors to sign with my company with bank financing in place. Today it’s a rare, rare situation. We need a return to those days to really drive job creation and expansion.”

About Discount Retail Store Services
Discount Retail Store Services (DRSS) is North America’s Largest Independent Retail Store Developer. Since our founding in 1994, we’ve opened over 4,000 businesses for our clients. DRSS provides all of the essential services our clients need for success in a variety of retail business concepts. Our opportunities include business financing, site location, lease negotiation, wholesale merchandise, and on-going business training. A DRSS business is not a franchise - our clients retain full control, ownership and pay no on-going franchise fees. Our turn-key package prices include everything needed to open the doors of your own, independent business.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

John Finley
@DollarStoreNow
Follow >
Dollar Store Services
since: 10/2010
Like >
Dollar Store Services

Visit website