Associated Mortgage Corporation
How we got $136.5M
Based on its 122 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 3% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 40% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 122 | $27.6M |
| 2020 | Form 5500 | 68 | $15.4M |
| 2021 | Form 5500 | 72 | $16.3M |
| 2022 | Form 5500 | 76 | $17.2M |
| 2023 | Form 5500 | 70 | $15.8M |
| 2024 | Form 5500 | 73 | $16.5M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ASSOCIATED MORTGAGE CORPORATION this business | $55.6M | — |
| SHEIKH INC Tulsa · 14 employees | $2.9M | 2.1 mi |
| ZFG MORTGAGE, LLC Tulsa · 9 employees | $1.9M | 2.1 mi |
| MERCHANT SERVICES OF OKLAHOMA, INC Tulsa · 8 employees | $3.3M | 2.2 mi |
| MORTGAGE CLEARING CORPORATION Tulsa · 49 employees | $11.2M | 2.6 mi |
| RAYSTAR MORTGAGE GROUP INC Tulsa · 1 employees | $249K | 2.6 mi |
| MILEY ENTERPRISES LLC Tulsa · 2 employees | $1.7M | 3.1 mi |
The full calculation
| Employees reported to the SBA | 122 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $50.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $47.1M |
| Estimate: the two combined (geometric mean) | $55.6M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $18.2M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $136.5M |
| Multiple for this size and industry | 7.5× |
| Value range | $71.8M – $186.7M |
| Revenue range | $36.6M – $63.5M |
| EBITDA range | $12.0M – $20.7M |
| Industry (NAICS) | Mortgage and Nonmortgage Loan Brokers (522310) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingRegent BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Regent Bank PPP 2020 | All 726 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $2.1M | 122 |
3 locations
| 7211 S YALE AVE | Tulsa | This listing |
| 10314 N 138th East Ave | Owasso | View |
| 6911 S 66th East Ave | Tulsa | View |
Revenue, profit and value are for the whole company.
About Associated Mortgage Corporation
Associated Mortgage Corporation is a mortgage and nonmortgage loan brokers company in Tulsa, Oklahoma. It is owned by Jeffrey Allen (President). Its estimated annual revenue is about $55.6M, with roughly $18.2M of EBITDA. It has about 73 employees. Its estimated business value is $136.5M (likely range $71.8M–$186.7M). It has 3 locations.
Common questions
- Who owns Associated Mortgage Corporation?
- Associated Mortgage Corporation is owned by Jeffrey Allen (President), according to public sources such as the company's website or filings.
- How much revenue does Associated Mortgage Corporation make?
- SeeBITDA estimates Associated Mortgage Corporation's annual revenue at about $55.6M (likely between $36.6M and $63.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Associated Mortgage Corporation worth?
- About $136.5M, roughly 7.5× its estimated EBITDA of $18.2M, typical for a mortgage and nonmortgage loan brokers company its size. Likely range: $71.8M–$186.7M.
- How many employees does Associated Mortgage Corporation have?
- About 73, from its 2024 retirement-plan filing.