City of Hibbing Awards Financial Services Contract to Advanced Machine Guarding Solutions (September 2026)
City of HibbingCity · Hibbing, MN- Approved
- Sep 1, 2026
The 30-second brief
The Hibbing Economic Development Authority approved subordination of its UCC lien on inventory and accounts receivable for Advanced Machine Guarding Solutions to facilitate a $550,000 SBA-backed working capital line of credit arranged by Park State Bank. HEDA will retain its collateral position on the company’s equipment while enabling additional growth capital for the manufacturer.
Advanced Machine Guarding Solutions holds this financial services contract with City of Hibbing. Its other public contracts on record include work for THE HRA OF HIBBING, MINNESOTA.
Term as filed: Subordination of HEDA’s UCC filing on inventory and accounts receivable to a new $550,000 SBA-backed line of credit.
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Contract details
- Contract type
- Financial Services
- Document date
- September 1, 2026
- Term
- Subordination of HEDA’s UCC filing on inventory and accounts receivable to a new $550,000 SBA-backed line of credit
- Agency
- City of Hibbing
- Source document
- Hibbing Economic Development Authority Agenda 2026-09-01 (Agenda)
Advanced Machine Guarding Solutions's other public contracts
More City of Hibbing contracts
Questions about this contract
Who was awarded the financial services contract by City of Hibbing?
Advanced Machine Guarding Solutions was awarded this financial services contract by City of Hibbing, as recorded on September 1, 2026.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Hibbing Economic Development Authority Agenda 2026-09-01 (Agenda), dated September 1, 2026 from City of Hibbing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Advanced Machine Guarding Solutions hold?
Advanced Machine Guarding Solutions may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
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