Best Insurance, Inc
How we got $16.3M
Based on its 13 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 15% 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 |
|---|---|---|
| BEST INSURANCE, INC this business | $12.5M | — |
| MIKE KIRK & ASSOCIATES, LLC Tulsa · 1 employees | $1.5M | 2.5 mi |
| STATEWIDE GENERAL AGENCY Tulsa · 23 employees | $30.3M | 4.3 mi |
| FIRST TRINITY FINANCIAL CORPORATION Tulsa · 16 employees | $84.3M | 4.9 mi |
| BENEFIT SERVICES INC Catoosa · 3 employees | $5.0M | 5.3 mi |
| AKENNEDY INSURANCE LLC Tulsa · 1 employees | $995K | 5.4 mi |
| MCKINNEY INSURANCE AGENCY Tulsa · 5 employees | $2.9M | 5.4 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.9M |
| Estimate: the two combined (geometric mean) | $12.5M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.0M |
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 | $16.3M |
| Multiple for this size and industry | 5.5× |
| Value range | $8.6M – $22.4M |
| Revenue range | $8.2M – $14.2M |
| EBITDA range | $2.0M – $3.4M |
| Industry (NAICS) | Direct Life Insurance Carriers (524113) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
People & 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 |
|---|---|---|---|
| 4/8/2020 | first | $71K | 11 |
| 4/8/2021 | second | $90K | 13 |
3 locations
| 1825 S GARNETT RD | Tulsa | This listing |
| 11 S Sheridan Rd | Tulsa | View |
| 4315 S Sheridan Rd | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Best Insurance, Inc
Best Insurance, Inc is a direct life insurance carriers company in Tulsa, Oklahoma, in business since 2005. It is owned by Lance Standlee. Its estimated annual revenue is about $12.5M, with roughly $3.0M of EBITDA. It has about 13 employees. Its estimated business value is $16.3M (likely range $8.6M–$22.4M). It has 3 locations.
Common questions
- Who owns Best Insurance, Inc?
- Best Insurance, Inc is owned by Lance Standlee, according to public sources such as the company's website or filings.
- How much revenue does Best Insurance, Inc make?
- SeeBITDA estimates Best Insurance, Inc's annual revenue at about $12.5M (likely between $8.2M and $14.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Best Insurance, Inc worth?
- About $16.3M, roughly 5.5× its estimated EBITDA of $3.0M, typical for a direct life insurance carriers company its size. Likely range: $8.6M–$22.4M.
- How many employees does Best Insurance, Inc have?
- About 13, as reported on its PPP loan.
- When was Best Insurance, Inc founded?
- Best Insurance, Inc has been in business since 2005.