C & L Rentals, LLC
How we got $4.2M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| C & L RENTALS, LLC this business | $3.9M | — |
| PRECISION PIPELINE SERVICES, LLC Woodward · 12 employees | $5.6M | 0.0 mi |
| DIAMOND CONSTRUCTION CO OF SHATTUCK INC. Woodward · 85 employees | $50.9M | 0.1 mi |
| KWICK WATER SOLUTIONS LLC Woodward · 36 employees | $18.9M | 0.2 mi |
| KWICK WIRELINE LLC Woodward · 32 employees | $16.8M | 0.2 mi |
| LEET TRUCKING, LLC Woodward · 45 employees | $25.2M | 0.2 mi |
| J&R DIRT WORKS LLC Woodward · 2 employees | $928K | 0.3 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.8M |
| Estimate: the two combined (geometric mean) | $3.9M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $1.2M |
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 | $4.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.2M – $5.8M |
| Revenue range | $2.6M – $4.4M |
| EBITDA range | $775K – $1.3M |
| 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
- BankingStride Bank, National AssociationPPP / 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
| Stride Bank, National Association PPP 2020, PPP 2021 | All 504 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 | $102K | 8 |
| 2/4/2021 | second | $102K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About C & L Rentals, LLC
C & L Rentals, LLC is an oil & gas company in Woodward, Oklahoma, in business since 1997. Its estimated annual revenue is about $3.9M, with roughly $1.2M of EBITDA. It has about 8 employees. Its estimated business value is $4.2M (likely range $2.2M–$5.8M).
Common questions
- Who owns C & L Rentals, LLC?
- The owner of C & L Rentals, LLC 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 C & L Rentals, LLC make?
- SeeBITDA estimates C & L Rentals, LLC's annual revenue at about $3.9M (likely between $2.6M and $4.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is C & L Rentals, LLC worth?
- About $4.2M, roughly 3.6× its estimated EBITDA of $1.2M, typical for a oil & gas company its size. Likely range: $2.2M–$5.8M.
- How many employees does C & L Rentals, LLC have?
- About 8, as reported on its PPP loan.
- When was C & L Rentals, LLC founded?
- C & L Rentals, LLC has been in business since 1997.