Even payday lenders get the blues
April 30, 2009 | Kansas, Wichita Eagle, industry | Comments (0)Great story in the Wichita Eagle about a local payday lender, Speedy Cash:
Wichita’s Speedy Cash chain was founded 12 years ago by three guys who grew up together, went to Northwest High and Kansas State together, and went into business together.
It’s another Wichita entrepreneurial success story: Speedy Cash has grown roughly 25 percent per year since then and now has 82 shops across nine states, including six in Wichita.
There are now 116 people working at the corporate headquarters in two buildings at 3527 N. Ridge Road.
But these days, the payday lending industry, including Speedy Cash, is facing some pretty stiff challenges.
You’ll have to read it yourself to see where the “blues” fit it, but it’s a very straightforward, unbiased piece. And while we’re on the subject of Wichita, can we agree that “Wichita Lineman” is one of the greatest songs ever?
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