Advance Financial

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Advance Financial
Company typePrivately Held Company
IndustryFinancial services
Founded1996
HeadquartersNashville, Tennessee, United States
Area served
United States
WebsiteOfficial website

Founded in 1996, Advance Financial is a fintech company based in Nashville, Tennessee. Advance Financial provides lending decisions on cash loans and other financial services. It employs over 1100 employees and in 2019 was named to the Inc.com 5000 list of the fastest-growing private companies in the country for the eighth year in a row.[1]

Associations[edit]

Advance Financial is a member of several trade organizations including Community Financial Services Association of America,[2] Financial Service Centers of America[3] where the founders, Mike & Tina Hodges[4] serve on the board of directors[5] and Online Lenders Alliance.[6]

Some of Advance Financial's offerings, including payday loans, have been described as "exploitative financial products to the working poor," since the short-term loans carry annual interest of up to 450%.[7]

References[edit]

  1. ^ "Advance Financial: Number 1851 on the 2019 Inc. 5000". Inc.com. Archived from the original on 2013-01-11. Retrieved 2019-10-09.
  2. ^ CFSA. "CFSA > CFSA Member Best Practices". cfsaa.com. Retrieved 2017-03-27.
  3. ^ "FISCA | FiSCA Best Practices". www.fisca.org. Retrieved 2017-03-27.
  4. ^ "Tips from Married Business Owners". Small Biz Daily. 2017-02-14. Retrieved 2017-03-27.
  5. ^ "FISCA | FiSCA Board of Directors". www.fisca.org. Retrieved 2017-03-27.
  6. ^ "Best Practices". OLA. Retrieved 2017-03-27.
  7. ^ "Payday Lenders Gave Trump Millions. Then He Helped Them Cash in on the Working Poor". Retrieved 2024-03-29.
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