Belter Constructioncorportation
How we got $13.9M
Based on its 22 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 9% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BELTER CONSTRUCTIONCORPORTATION this business | $12.9M | — |
| ALPHA PRESSURE PUMPING LLC Edmond · 23 employees | $8.9M | 2.8 mi |
| J HEMPHILL LAND LLC Edmond · 1 employees | $524K | 3.5 mi |
| E.M. RPHE, INC. Arcadia · 2 employees | $1.2M | 3.8 mi |
| DEEP WELL TUBULAR SERVICES, INC. Edmond · 20 employees | $11.7M | 3.9 mi |
| S5 RESOURCES LLC Edmond · 1 employees | $450K | 4.3 mi |
| AKOO, LLC Edmond · 1 employees | $557K | 4.7 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.2M |
| Estimate: the two combined (geometric mean) | $12.9M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.2M |
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 | $13.9M |
| Multiple for this size and industry | 4.4× |
| Value range | $7.3M – $19.0M |
| Revenue range | $8.5M – $14.8M |
| EBITDA range | $2.1M – $3.6M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingMidFirst 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 Roles are as stated there and may be out of date.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
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $373K | 22 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Belter Constructioncorportation
Belter Constructioncorportation is an oil & gas company in Arcadia, Oklahoma. It is owned by Cory Belter. Its estimated annual revenue is about $12.9M, with roughly $3.2M of EBITDA. It has about 22 employees. Its estimated business value is $13.9M (likely range $7.3M–$19.0M).
Common questions
- Who owns Belter Constructioncorportation?
- Belter Constructioncorportation is owned by Cory Belter, according to public sources such as the company's website or filings.
- How much revenue does Belter Constructioncorportation make?
- SeeBITDA estimates Belter Constructioncorportation's annual revenue at about $12.9M (likely between $8.5M and $14.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Belter Constructioncorportation worth?
- About $13.9M, roughly 4.4× its estimated EBITDA of $3.2M, typical for a oil & gas company its size. Likely range: $7.3M–$19.0M.
- How many employees does Belter Constructioncorportation have?
- About 22, as reported on its PPP loan.