Advance Financial opens in Ooltewah

Short-term lender adds 9 area offices

The fastest growing small-dollar lender in Tennessee continued its expansion in the Chattanooga market by opening another branch in Ooltewah.

Advance Financial, the Nashville-based chain of 85 finance outlets, opened its ninth local outlet at 9232 Lee Highway. As with all other Advance Financial stores, the newest finance office will remain open around the clock.

Advance Financial, which began in Nashville in 1996, entered the Chattanooga market four years ago. The company offers short-term and flex consumer loans, typically ranging from $100 to $4,000. The privately owned company also offers check cashing, wire transfers, bill payments and unlimited free money orders.

Advance Financial said its loan product is not just a small dollar loan, but a flexible line of credit —called a FLEX Loan — that offers customers the freedom of access to funds on their schedule with no late fees or early payoff penalties.

“At Advance Financial, we are committed to serving more residents in Southeast Tennessee,” Tina Hodges, the company’s chief executive and chief experience officer, said in a statement Monday. “That’s why we decided to open our first store in Ooltewah, and why we are looking forward to becoming a part of the community here.”

The company also recently entered the West Tennessee market with a new location in Jackson.

In Hamilton County, nearly 100 storefronts offer different types of short-term, usually high-interest loans through title, payday, flex and consumer loan arrangements.