Speedy Cash expands headquarters with 20,000-square-foot building

WICHITA — About this time last year, Speedy Cash moved its call center from its corporate headquarters on North Ridge Road to the former KGB call center at 8400 E. 32nd St. North, which is along K-96 just east of Rock Road.

Now, the company is adding to its corporate campus with a new 20,000-square-foot building at 3615 N. Ridge Road.

“The company’s continued to grow both domestically and internationally,” says Bill Baker, Speedy Cash’s chief marketing officer. “We quite frankly just ran out of space from a corporate-support standpoint.”

Speedy Cash is owned by three Wichitans and a private equity firm and provides a variety of financial services, such as installment loans, check cashing and wire transfers.

The company has about 250 people in its corporate offices and 3,500 total at 180 Speedy Cash and Rapid Cash sites nationally, 135 Cash Money sites in Canada and 23 Speedy Cash sites in the United Kingdom. It also has Internet sales. The Internet side of the business is almost 20 percent of the company’s overall business.

“It’s a growing percentage,” Baker says.

He says the international business is strong, too.

“The fact that we are a state-licensed lender is paying dividends for us,” Baker says. He says that “puts us in a good position for long-term, sustainable growth.”

“There’s been some scrutiny in the industry of people who choose not to be state licensed,” he says.

The company’s accounting, human resources, marketing and IT departments have grown with its stores. Currently, those functions are in four buildings on the North Ridge Road campus. The new space will be the company’s fifth corporate building.

“As we continue to expand, I think we also continue to create really quality … jobs,” Baker says.

He says the company has yet to determine which departments may move into the new space.

“I think the major plan is for it to be our technology hub.”

The building, which will be one story with a walk-out basement, should be ready in April.

“Our long-term plan is to continue to grow, so the hope would be that it isn’t enough,” Baker says.

He thinks the building should serve the company’s needs at least for the next year.

“The hope would be in a year or two we would be up against the same challenge.”

He says moving all of the corporate headquarters into one space in the future is a possibility as well.

Speedy Cash started in 1997 with one store. Though the company projected store growth, Baker says it didn’t necessarily expect to need so much space for its headquarters.

“I’m not sure we ever envisioned the kind of growth we’ve had.”