Closebend Inc
How we got $1.6M
Based on its 6 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▼ 34% 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
▲ 33% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 6 | $1.6M |
| 2020 | Form 5500 | 12 | $3.2M |
| 2021 | Form 5500 | 11 | $2.9M |
| 2022 | Form 5500 | 12 | $3.2M |
| 2023 | Form 5500 | 12 | $3.2M |
| 2024 | Form 5500 | 9 | $2.4M |
| 2025 | Form 5500 | 8 | $2.1M |
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 |
|---|---|---|
| CLOSEBEND INC this business | $3.4M | — |
| SAFECO FILTER PRODUCTS INC Tulsa · 17 employees | $12.7M | 1.4 mi |
| YOUNG ENERGY PRODUCTS, LLC Tulsa · 11 employees | $5.6M | 1.7 mi |
| BRYANT C71 SYSTEMS, LLC Tulsa · 27 employees | $11.6M | 2.1 mi |
| HANLOCK-CAUSEWAY COMPANY, LLC Tulsa · 34 employees | $14.1M | 2.1 mi |
| TULSA TUBE BENDING, INC. Tulsa · 64 employees | $32.9M | 2.9 mi |
| WMC CUSTOM, INC. Tulsa · 16 employees | $7.1M | 2.9 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.6M |
| Estimate: the two combined (geometric mean) | $3.4M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $487K |
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 | $1.6M |
| Multiple for this size and industry | 3.2× |
| Value range | $820K – $2.1M |
| Revenue range | $2.2M – $3.9M |
| EBITDA range | $320K – $555K |
| Industry (NAICS) | Fabricated Pipe and Pipe Fitting Manufacturing (332996) |
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
Leadership
- TGTonya GarciaSigned for the company · 2025 retirement-plan filing (Form 5500)
Advisors
- BankingAmerican Heritage 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
| American Heritage Bank PPP 2021 | All 446 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/6/2021 | first | $137K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Closebend Inc
Closebend Inc is a fabricated pipe and pipe fitting manufacturing company in Tulsa, Oklahoma. Its estimated annual revenue is about $3.4M, with roughly $487K of EBITDA. It has about 8 employees. Its estimated business value is $1.6M (likely range $820K–$2.1M).
Common questions
- Who owns Closebend Inc?
- The owner of Closebend 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 Closebend Inc make?
- SeeBITDA estimates Closebend Inc's annual revenue at about $3.4M (likely between $2.2M and $3.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Closebend Inc worth?
- About $1.6M, roughly 3.2× its estimated EBITDA of $487K, typical for a fabricated pipe and pipe fitting manufacturing company its size. Likely range: $820K–$2.1M.
- How many employees does Closebend Inc have?
- About 8, from its 2025 retirement-plan filing.