ROK Stars PLC, the consumer products and environmental technology company co-founded by U.S. billionaire John Paul DeJoria and U.K. entrepreneur Jonathan Kendrick, has announced its ROK Solid Finance division, a financial lender and product supplier to the licensed trade in the UK has, since it was launched in the spring of this year, already reached the anticipated £1 million level of orders and pre-orders forecasted and will now be entering into contractual plans to implement a number of these in the coming months.
With a combination of specialist knowledge, competitive interest rates and no up-front fees, ROK Solid Finance offers both secured and unsecured loans to the licensed trade, designed to fill the funding vacuum left by traditional lenders.
Commenting, a bar owner in Digbeth near Birmingham said “ROK is leading the way as far as we are concerned. They completed the loan transaction with us faster than any loan facility we’ve taken out in the last 14 years.”
In addition, another bar owner in Upton upon Severn said “We’ve been able to refurbish the outdoor garden area without the need to pay upfront fees or expensive interest rates or worry about barrelage shortfall charges. I would recommend anyone to give ROK a call.”
The ROK drinks portfolio includes ABK Beer from ROK’s 700 year old Bavarian brewery, globally-sourced Graffiti Wine, Bogart’s Spirits from California and Bandero Tequila from Mexico.
ROK Chairman Jonathan Kendrick said “ROK Solid Finance is designed to facilitate the On Trade to invest in their businesses while having access to our fast-growing and award-winning portfolio of drinks and I’m delighted to see it already proving successful as it presents tremendous business growth opportunities for all involved.”