Refinanced Infrastructure Loan With Truist Ongoing
Town of LovettsvilleCity · VA- Disclosed value
- $1,263,000 original loan; current principal balance $762,446 as of 6/30/25
- From budget
- Document date
- Jul 1, 2026
- Renews
- Free account
The 30-second brief
Lovettsville maintains a refinanced $1,263,000 loan with Truist Governmental Bank for town-wide infrastructure and facilities at a 1.57% interest rate. The debt, refinanced in 2020 and maturing in February 2031, has a principal balance of $762,446 as of June 30, 2025.
Truist Governmental Bank holds this financial services contract with Town of Lovettsville.
The renewal date is on record. A free account shows it, with the renewals for every Town of Lovettsville contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,263,000 original loan; current principal balance $762,446 as of 6/30/25
- Document date
- July 1, 2026
- Term
- Refinanced 2020; maturity date February 2031
- Renews
- Free account
- Vendor
- Truist Governmental Bank
- Agency
- Town of Lovettsville
- Source document
- Town of Lovettsville Budget Fiscal Year 2027 Proposed Budget & Capital Improvement Plan 2026-07-01 (Budget)
Truist Governmental Bank's other public contracts
More Town of Lovettsville contracts
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 July 1, 2026. The contract value is $1,263,000 original loan; current principal balance $762,446 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 loan; current principal balance $762,446 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 Proposed Budget & Capital Improvement Plan 2026-07-01 (Budget), dated July 1, 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.