Bendmasters, Inc.
How we got $992K
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Bendmasters, Inc. is a pipe and tube bending company in Tulsa, OK that offers coiling, welding, custom bending and related services for customers from many industries.
From the company's website. Industry: Plate Work Manufacturing.
Estimated value over time
▼ 6% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BENDMASTERS, INC. this business | $2.2M | — |
| PIPING ENTERPRISE COMPANY, INC. Sand Springs · 109 employees | $75.9M | 3.8 mi |
| MIDWEST METALS LLC Tulsa · 6 employees | $3.2M | 3.9 mi |
| MIKE ALEXANDER COMPANY, INC. Tulsa · 39 employees | $28.1M | 5.2 mi |
| LASER SPECIALTIES, INC. Tulsa · 41 employees | $20.0M | 5.4 mi |
| METALFORM, INC. Tulsa · 11 employees | $4.5M | 5.6 mi |
| LIGHTNING WINGS INC Tulsa · 2 employees | $733K | 6.0 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.7M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $310K |
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 | $992K |
| Multiple for this size and industry | 3.2× |
| Value range | $522K – $1.4M |
| Revenue range | $1.4M – $2.5M |
| EBITDA range | $204K – $353K |
| Industry (NAICS) | Plate Work Manufacturing (332313) |
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
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $44K | 7 |
| 3/27/2021 | second | $44K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bendmasters, Inc.
Bendmasters, Inc. is a plate work manufacturing company in Tulsa, Oklahoma, in business since 2012. Its estimated annual revenue is about $2.2M, with roughly $310K of EBITDA. It has about 7 employees. Its estimated business value is $992K (likely range $522K–$1.4M).
Common questions
- Who owns Bendmasters, Inc.?
- The owner of Bendmasters, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Bendmasters, Inc. make?
- SeeBITDA estimates Bendmasters, Inc.'s annual revenue at about $2.2M (likely between $1.4M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bendmasters, Inc. worth?
- About $992K, roughly 3.2× its estimated EBITDA of $310K, typical for a plate work manufacturing company its size. Likely range: $522K–$1.4M.
- How many employees does Bendmasters, Inc. have?
- About 7, as reported on its PPP loan.
- When was Bendmasters, Inc. founded?
- Bendmasters, Inc. has been in business since 2012.