Advance Financial

Advance Financial: lines of credit and online loans with a branch network in Tennessee

Advance Financial is a lending institution based in Nashville, Tennessee, that markets two main products: a revolving line of credit and online loans. The company presents its activity as an alternative to payday loans and title loans, products that, according to its own description, it does not offer.

Financing products

The institution's catalog is built around two solutions:

• Line of Credit (Flex Loan): this is an open-ended, unsecured line of credit, meaning it requires no guarantor or collateral. The customer can access cash up to their credit limit at any time, make minimum payments, or pay it off early with no penalty. The company notes that it is possible to qualify for this product even with limited or no credit history.
• Online Loan: aimed at those who need cash between paydays. The application can be completed entirely online, and the service is presented as always available.

Application process and requirements

The company describes a three-step application process: submitting the online application in just a few minutes, quick approval, and instant disbursement of funds to the applicant's debit card or bank account. This last point is subject to the participation of the corresponding bank.

For in-store loan applications, the institution requires only two documents: photo ID and proof of income. The line of credit application can be started online and completed at a branch.

Differences from payday and title loans

Advance Financial expressly states that it does not provide traditional payday loans or title loans. Compared to the former, it argues that its line of credit allows recurring access to funds without the need to apply for a new loan every time a cash shortfall occurs, and that repayment can be spread over time instead of being required before the next payday. Compared to the latter, it highlights that it does not require putting up any asset as collateral.

Branch network and coverage

The company operates a network of branches distributed across cities in Tennessee, including Alcoa, Athens, Bristol, Brownsville, Chattanooga, Clarksville, Cleveland, Clinton, Columbia, Cookeville, Covington, Crossville, Dayton, Dickson, Elizabethton, Fayetteville, Franklin, Gallatin, Hendersonville, Humboldt, Jackson, Jefferson City, Johnson City, Jonesborough, Kimball, Kingsport, Knoxville, LaVergne, Lebanon, Lewisburg, Lexington, Madison, Manchester, Martin, Milan, Millington, Morristown, Murfreesboro, Nashville, Oak Ridge, Oakland, Ooltewah, Paris, Portland, Sevierville, Shelbyville, Smithville, Smyrna, Soddy-Daisy, Sparta, and Union City. The stated coverage is concentrated in the state of Tennessee.

The company also offers a mobile app for Android and iOS devices, through which its products can be managed.

Products by state

Product availability varies by state law. The institution distinguishes between the line of credit offered in Tennessee, the line of credit for South Carolina, and the installment loan for Wisconsin.

Careers

Advance Financial has open opportunities to join its team and posts vacancies for people interested in becoming part of the company.

Headquarters and locations

Main location: 100 Oceanside Drive, Nashville, TN 37204 · Phone: 615-341-5900

Franklin location: 331 5th Ave N, Franklin, TN 37064 · Hours: Today 10:00 am to 6:00 pm