Delaware SPCA Breaks Ground on Land Development Plan to Support Shelter
FOR IMMEDIATE RELEASE
Jan. 2, 2018
Delaware SPCA, Applied Bank Partner on Land Development Plan to Support Shelter
Proceeds from leased land will enable state’s oldest animal welfare organization to continue essential community services
NEWARK, DE (Jan. 2, 2018) – The Delaware SPCA has broken ground on a years-long development plan designed to ensure a viable future for the shelter, made possible in part by a partnership with locally owned and operated Applied Bank, a top-rated Delaware lender.
Financing from Applied Bank will enable the shelter to provide the infrastructure necessary to lease out the road-facing portion of the SPCA’s nearly 21-acre property at 455 Stanton Christiana Road while retaining ownership of the land.
The SPCA remains fully open during construction, offering adoptions, spay/neuter surgeries, affordable wellness services and grooming.
“The Delaware SPCA is proud to be able to work with a fellow Delaware institution as we enter our 145th year of serving our state’s animal welfare needs,” said Kathie Herel, president of the SPCA Board of Directors.
“The SPCA’s needs for the development plan were unique. Applied Bank took the time to understand them and quickly found us an option to move forward,” said Anne Cavanaugh, Acting Executive Director.
“It was a pleasure to work with a great organization like the Delaware SPCA,” added Art Lodge, chief lending officer of Applied Bank. “We worked closely with their leadership group to structure a loan that will be beneficial to the future of the shelter. Applied Bank is proud to add the Delaware SPCA to our growing list of valued customers.”
The development consists of three pad sites. The first to be developed will house a Royal Farms convenience store and gas pumps, expected to be completed in mid-2018. Leases for the remaining pads are in negotiation.
About the Delaware SPCA
The Delaware SPCA, the oldest animal welfare organization in the state, was incorporated in 1873 in response to the mistreatment of livestock being led to market in the city of Wilmington. In 1972, the Delaware SPCA built its current Stanton Shelter on land donated by philanthropist Emily du Pont. In 2008, the Delaware SPCA declared itself a No Kill operation. The following year, the society inaugurated the Jane R. Haggard Spay/Neuter Clinic, the first of its kind in Delaware, providing high-volume, high-quality low-cost spay/neuter services. The shelter site also is home to the state’s largest pet cemetery, serving as the final resting place for more than 1,600 companion animals. More than 140 years after its inception, the Delaware SPCA embraces the mission of enhancing the well-being of companion animals and their communities while promoting the humane treatment of animals by providing adoption opportunities, low-cost veterinary services and educational programs. For more information, visit delspca.org.
About Applied Bank
Applied Bank is locally owned and operated, with branches at 2200 Concord Pike in Wilmington and at Route 1 and Rehoboth Avenue in Rehoboth Beach. Headquartered in Wilmington, Applied Bank has been consistently recognized as one of the highest rated banks in the country and the highest rated bank in Delaware due to its five-star ratings from Bauer Financial and Bankrate.com. Applied Bank also holds an A+ rating from the Better Business Bureau. These ratings evidence the bank’s commitment and ability to consistently provide financial stability and unmatched personal service to its customers. Since 1996, Applied Bank has been a recognized leader in commercial and construction financing, small business banking and merchant processing. For more information, visit appliedbank.com.
CONTACT: Suzanne Herel, Delaware SPCA Art Lodge, Applied Bank
PHONE: (302) 502-5793 (302) 227-3044, ext. 32043