Circle P Welding, Inc.
How we got $2.7M
Based on its 11 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
▼ 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.
Employees over time
▼ 18% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 11 | $3.2M |
| 2020 | Form 5500 | 9 | $2.6M |
| 2021 | Form 5500 | 8 | $2.3M |
| 2022 | Form 5500 | 9 | $2.6M |
| 2023 | Form 5500 | 6 | $1.8M |
| 2024 | Form 5500 | 10 | $2.9M |
| 2025 | Form 5500 | 9 | $2.6M |
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 |
|---|---|---|
| CIRCLE P WELDING, INC. this business | $5.4M | — |
| NORMAN GARAGE DOOR INC Norman · 7 employees | $2.5M | 1.9 mi |
| THE BURCHETT GROUP Norman · 1 employees | $988K | 4.8 mi |
| QUALITY STAINLESS LLC Oklahoma City · 16 employees | $5.6M | 7.1 mi |
| NATURAL LIGHT SOURCE, LLC Newcastle · 7 employees | $3.3M | 7.3 mi |
| OLEN METALWORKS INC. Norman · 1 employees | $380K | 7.5 mi |
| GREAT PLAINS REBAR, LLC Oklahoma City · 22 employees | $20.6M | 7.8 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.7M |
| Estimate: the two combined (geometric mean) | $5.4M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $702K |
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 | $2.7M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.4M – $3.7M |
| Revenue range | $3.5M – $6.1M |
| EBITDA range | $462K – $801K |
| 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
- BankingArmstrong 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
| Armstrong Bank PPP 2020, PPP 2021 | All 1,355 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 | $152K | 11 |
| 2/27/2021 | second | $150K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Circle P Welding, Inc.
Circle P Welding, Inc. is a plate work manufacturing company in Norman, Oklahoma, in business since 2005. Its estimated annual revenue is about $5.4M, with roughly $702K of EBITDA. It has about 9 employees. Its estimated business value is $2.7M (likely range $1.4M–$3.7M).
Common questions
- Who owns Circle P Welding, Inc.?
- The owner of Circle P Welding, 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 Circle P Welding, Inc. make?
- SeeBITDA estimates Circle P Welding, Inc.'s annual revenue at about $5.4M (likely between $3.5M and $6.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Circle P Welding, Inc. worth?
- About $2.7M, roughly 3.9× its estimated EBITDA of $702K, typical for a plate work manufacturing company its size. Likely range: $1.4M–$3.7M.
- How many employees does Circle P Welding, Inc. have?
- About 9, from its 2025 retirement-plan filing.
- When was Circle P Welding, Inc. founded?
- Circle P Welding, Inc. has been in business since 2005.