CONTRACTONGOING

Town Infrastructure Loan Continues With Truist

Town of Lovettsville logoTown of Lovettsville
Disclosed value
$1,263,000 original; $762,446 principal balance (as of 6/30/25)
From budget
Document date
Jun 16, 2026
Term
Refinanced 2020; Maturity: February 2031
Renews
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The 30-second brief

What it covers

Truist Governmental Bank provides a refinanced loan for town-wide infrastructure and facilities, with $762,446 principal outstanding, maturing in February 2031. The interest rate is 1.57%.

Who holds it

Truist Governmental Bank holds this financial services contract with Town of Lovettsville.

What happens next

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Contract details

Contract type
Financial Services
Amount
$1,263,000 original; $762,446 principal balance (as of 6/30/25)
Document date
June 16, 2026
Term
Refinanced 2020; Maturity: February 2031
Renews
On record
Source document
Town of Lovettsville Budget Fiscal Year 2027 Adopted Budget & Fiscal Year 2027-2031 Capital Improvement Plan 2026-07-01 (Budget)

Truist Governmental Bank's other public contracts

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Questions about this contract

Who was awarded the financial services contract by Town of Lovettsville?

Truist Governmental Bank was awarded this financial services contract by Town of Lovettsville, as recorded on June 16, 2026. The contract value is $1,263,000 original; $762,446 principal balance (as of 6/30/25).

How much is the Truist Governmental Bank contract with Town of Lovettsville worth?

The Truist Governmental Bank contract with Town of Lovettsville is valued at $1,263,000 original; $762,446 principal balance (as of 6/30/25), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a budget record.

Where was this contract approved?

This contract appears in Town of Lovettsville Budget Fiscal Year 2027 Adopted Budget & Fiscal Year 2027-2031 Capital Improvement Plan 2026-07-01 (Budget), dated June 16, 2026 from Town of Lovettsville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Truist Governmental Bank hold?

Truist Governmental Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Town of Lovettsville currently buying?

Explore Town of Lovettsville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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