WESTERLY, R.I.--(BUSINESS WIRE)--Washington Trust’s Commercial & Industrial Lending Group has provided a $1,070,000 commercial mortgage with SBA Guarantee to Ski Pro, Inc. d/b/a Yawgoo Valley Ski Area and Sports Park located in Exeter, R.I.
“Yawgoo Valley Ski Area and Sports Park is Rhode Island’s only ski area, and it operates year-round,” said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer. “The facility enjoyed record-setting snowfall this winter, and families can look forward to spring and summertime activities in the coming months.”
Washington Trust's Commercial & Industrial Lending Group offers working capital, acquisition, and equipment financing as well as owner occupied real estate financing. The Group also offers a full-range of cash management products and services. For more information, contact John W. Kennedy, vice president, Commercial Lending, toll-free at 800-475-2265 x1680 or directly at 401-348-1680.
Founded in 1800, Washington Trust is one of New England’s premier financial services companies, providing commercial banking, personal banking, mortgage banking, and wealth management services to individuals and institutions throughout the region. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).