NASHVILLE, Tenn., Oct 9, 2019 – Inc. magazine ranked Nashville-based financial services and fintech company, Advance Financial, as No. 1851 on its annual Inc. 5000 list, the most prestigious ranking of America's fastest-growing private companies. This is the eighth consecutive year 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.
The Inc. 5000 list ranks companies based on percentage revenue growth over the past three years. This tremendous growth is recognized by the opening of their 100th store in Tennessee, expanding services to 12 more states and now employing over 1,100 employees. Advance Financial is acknowledged as the second-largest family-owned company headquartered in Nashville.
"Growth has been our number one goal, especially over the past few years, and we've surpassed those marks every year," Chief Executive and Experience Officer Tina Hodges said. "We're getting to a point where we can have an impact in all corners of Tennessee – and in other states through our online services – and we are very proud to be honored for our rapid expansion."
The Inc. 5000 list represents a unique look at the most successful companies within the American economy's most dynamic segment – its independent small businesses. Some of the renowned companies that achieved their first national exposure as honorees on the Inc. 5000 include Dell, Domino's Pizza, LinkedIn, Microsoft, Pandora, Timberland, Yelp, Zillow, and a few others.
The companies on the 2019 Inc. 5000 list show astonishing growth compared with previous lists. The 2019 Inc. 5000 achieved an impressive three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000's total revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
Profiles of all the companies listed on 2019 Inc. 5000, including an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
"The companies on this year's Inc. 5000 have followed so many different paths to success, Inc. Editor in Chief James Ledbetter said." "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 conference and gala will be on October 10 – 12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. The nation's brightest and most successful business minds will come together to celebrate the extraordinary accomplishments of the companies that appear on the Inc. 5000 list. As always, speakers include some of the greatest innovators and business leaders of our generation.
Founded in 1996, Advance Financial is a leading fintech 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 2019 Inc. 5000 fastest-growing private companies (8 straight years); A+ rating by the Better Business Bureau; Nashville's 3rd fastest growing company (2019, 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.
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.
Original Source: Markets Insider
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