Corrosource, LLC
How we got $2.3M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| CORROSOURCE, LLC this business | $4.5M | — |
| STEEL THINKING, INC. Washington · 22 employees | $10.4M | 8.0 mi |
| HORN EQUIPMENT COMPANY, INC. Moore · 63 employees | $45.9M | 8.5 mi |
| TIPTONS PLUMBIMG AND SEWER LLC Oklahoma City · 2 employees | $1.6M | 8.5 mi |
| WORLD WATER WORKS INC Oklahoma City · 96 employees | $46.1M | 11.3 mi |
| MTM RECOGNITION CORPORATION Oklahoma City · 247 employees | $159.2M | 15.0 mi |
| VALCO MANUFACTURING COMPANY INC Oklahoma City · 43 employees | $18.0M | 17.7 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.1M |
| Estimate: the two combined (geometric mean) | $4.5M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $591K |
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 | $2.3M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.2M – $3.2M |
| Revenue range | $3.0M – $5.2M |
| EBITDA range | $389K – $673K |
| Industry (NAICS) | Industrial Valve Manufacturing (332911) |
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
- BankingCommunity State Bank, The Huntington National 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 Roles are as stated there and may be out of date.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
| The Community State Bank PPP 2020, PPP 2021 | All 167 borrowers → |
| The Huntington National Bank 7(a) 2021 | All 21 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 | $88K | 7 |
| 1/17/2021 | second | $88K | 7 |
Public records
| Jan 2021 | 7(a) | $350K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Corrosource, LLC
Corrosource, LLC is an industrial valve manufacturing company in Norman, Oklahoma. Its estimated annual revenue is about $4.5M, with roughly $591K of EBITDA. It has about 7 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.2M).
Common questions
- Who owns Corrosource, LLC?
- The owner of Corrosource, 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 Corrosource, LLC make?
- SeeBITDA estimates Corrosource, LLC's annual revenue at about $4.5M (likely between $3.0M and $5.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Corrosource, LLC worth?
- About $2.3M, roughly 3.9× its estimated EBITDA of $591K, typical for a industrial valve manufacturing company its size. Likely range: $1.2M–$3.2M.
- How many employees does Corrosource, LLC have?
- About 7, as reported on its PPP loan.