Private company

Advance Financial

High-interest payday lender

Advance Financial is a high-interest payday lender based in Nashville, Tennessee. It was founded in 1996 by Michael "Mike" and Tina Hodges who serve as chairman and CEO respectively.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

1996Founded1
  • Industryfinancial services1
  • HeadquartersNashville1
  • Websitewww.af247.com
  • Legal formLimited Liability Company3
  • LEI549300JJVGBKK5UE50353
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O GEORGE WHITLEY, 23435 Suffolk, United States3
  • Registered withState Corporation Commission, S64091083

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Store35 Chancery final
Photo: Anil Pinapala, CC0, via Wikimedia Commons4

Advance Financial is a high-interest payday lender based in Nashville, Tennessee. It was founded in 1996 by Michael "Mike" and Tina Hodges who serve as chairman and CEO respectively.2

Corporate structure

Advance Financial is part of a group headed by TowneBank. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • TowneBank Portsmouth, Virginia, United States
    • Advance Financial Norfolk, Virginia, United States
    • Coastal Home Mortgage, LLC Subsidiary · Virginia Beach, Virginia, United States
    • Coastal Towne Mortgage, LLC Subsidiary · Norfolk, Virginia, United States
    • Homesale Mortgage, LLC Subsidiary · Lancaster, Pennsylvania, United States
    • Towne Mortgage, LLC Subsidiary · Norfolk, Virginia, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

Subsidiaries and ownership

Parent company (GLEIF)

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Jun 7, 2020Parent Directly consolidated by TowneBank3
  2. 1996Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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