FINANCIAL_SERVICESONGOING

Refinanced Infrastructure Loan With Truist Ongoing

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.

Status
ONGOING
Document date
July 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Truist Governmental Bank
Agency
Town of Lovettsville · VA

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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$1,263,000 original loan; current principal balance $762,446 as of 6/30/25
Contract type
FINANCIAL_SERVICES
Contract term
Refinanced 2020; maturity date February 2031
Renewal date
2031-02-28
Renewal
Refinanced in 2020; fixed maturity February 2031. No additional extensions or renewals described.
Document type
Budget
Source document
Town of Lovettsville Budget Fiscal Year 2027 Proposed Budget & Capital Improvement Plan 2026-07-01

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Frequently asked questions

Common questions about this contract, answered from the record.

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.

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.

View Truist Governmental Bank's 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.

View Town of Lovettsville's profile

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