NASHVILLE, Tenn., Aug. 23, 2019 /PRNewswire-PRWeb/ -- Inc. magazine revealed that Nashville-based fintech company Advance Financial is No. 1851 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. This is the eighth year in a row Advance Financial has made the Inc. 5000 list, and it's the only company in its industry to rank on the list five consecutive times or more.
Inc. magazine recognized Advance Financial for its revenue growth of 219 percent over the past three years. This tremendous growth was realized recently with the opening of the company's 100th store location in Tennessee and expansion of online services which now includes 12 additional states. The company currently employs over 1100 people as a result of this growth. Advance Financial is acknowledged as the second-largest family-owned company headquartered in Nashville by the Nashville Business Journal.
"We couldn't be more proud to be honored for our growth and the tremendous effort of our teams across the state," said Tina Hodges. "It is their hard work that has enabled the company to expand and continue to increase pay and benefits along the way."
The list represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small businesses. Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
The companies on the 2019 Inc. 5000 are not only competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000's aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000.
"The companies on this year's Inc. 5000 have followed so many different paths to success," said Inc. editor in chief James Ledbetter. "There's no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities."
The annual Inc. 5000 event honoring the companies on the list will be held on October 10 – 12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. As always, speakers include some of the greatest innovators and business leaders of our generation.
About Advance Financial
Founded in 1996, Advance Financial is a leading fintech and financial services company based in Nashville, Tennessee. With more than 100 stores in Tennessee and online services in 13 states, Advance Financial provides fast lending decisions on cash loans and other financial services, 24/7/365. Recent recognition includes A+ rating by the Better Business Bureau; Nashville's 4th fastest growing company (2018, Nashville Business Journal); Forbes Best Employers for New Graduates (2018); and, Indeed Top-Ranked Workplace for Compensation/Benefits (2018). Advance Financial is the second largest family-owned company headquartered in Nashville (2019, Nashville Business Journal). For more, visit http://www.af247.com.
About the Inc. 5000 List
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
SOURCE Advance Financial
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