How we got $69.6M
Based on its 74 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 25 years (since 2001)
- Headcount down 23% since 2022 (retirement plan filings)
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.
Employees over time
▼ 38% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 74 | $26.7M |
| 2020 | Form 5500 | 58 | $20.9M |
| 2021 | Form 5500 | 40 | $14.4M |
| 2022 | Form 5500 | 60 | $21.6M |
| 2023 | Form 5500 | 54 | $19.5M |
| 2024 | Form 5500 | 46 | $16.6M |
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 |
|---|---|---|
| CHECK-6 INC. this business | $51.1M | — |
| STAGHORN PETROLEUM II, LLC Tulsa · 14 employees | $5.8M | 0.2 mi |
| ScoutGroup, LLC Tulsa | $1.5M | 0.2 mi |
| Halliburton Tulsa | $1.5M | 0.2 mi |
| DIAMOND ENERGY SERVICES,LP Tulsa · 53 employees | $25.0M | 0.2 mi |
| THE OUTSOURCE GROUP LLC Tulsa · 4 employees | $2.8M | 0.3 mi |
| THE H AND S DRILLING COMPANY Tulsa · 3 employees | $1.8M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 74 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $32.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $61.0M |
| Estimate: the two combined (geometric mean) | $51.1M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $11.6M |
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 | $69.6M |
| Multiple for this size and industry | 6× |
| Value range | $36.6M – $95.3M |
| Revenue range | $33.6M – $58.3M |
| EBITDA range | $7.6M – $13.2M |
| 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
- 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 |
|---|---|---|---|
| 4/7/2020 | first | $1.7M | 74 |
| 2/11/2021 | second | $1.0M | 58 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Check-6 Inc.
Check-6 Inc. is an oil & gas company in Tulsa, Oklahoma, in business since 2001. Its estimated annual revenue is about $51.1M, with roughly $11.6M of EBITDA. It has about 46 employees. Its estimated business value is $69.6M (likely range $36.6M–$95.3M).
Common questions
- Who owns Check-6 Inc.?
- The owner of Check-6 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 Check-6 Inc. make?
- SeeBITDA estimates Check-6 Inc.'s annual revenue at about $51.1M (likely between $33.6M and $58.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Check-6 Inc. worth?
- About $69.6M, roughly 6× its estimated EBITDA of $11.6M, typical for a oil & gas company its size. Likely range: $36.6M–$95.3M.
- How many employees does Check-6 Inc. have?
- About 46, from its 2024 retirement-plan filing.
- When was Check-6 Inc. founded?
- Check-6 Inc. has been in business since 2001.