Covel Contracting LLC
How we got $991K
Based on 11 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▲ 38% 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 |
|---|---|---|
| COVEL CONTRACTING LLC this business | $7.9M | — |
| FITZGERALD AND SONS STEEL LLC Tahlequah · 13 employees | $12.2M | 9.7 mi |
| SAS CONSTRUCTION LLC Tahlequah · 1 employees | $794K | 11.8 mi |
| DANA WALKER Fort Gibson · 1 employees | $1.2M | 12.9 mi |
| HALE CONSTRUCTION & REMODELING, LLC Tahlequah · 2 employees | $1.0M | 14.1 mi |
| ZENITH CONSTRUCTION CO Tahlequah · 2 employees | $1.4M | 14.9 mi |
| CC'S CONSTRUCTION Stilwell · 5 employees | $3.0M | 15.5 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Industry revenue per employee | $489K |
| Revenue = employees × revenue per employee | $7.9M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $431K |
| Cross-check: revenue implied by PPP payroll | $1.6M |
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 | $991K |
| Multiple for this size and industry | 2.3× |
| Value range | $469K – $1.4M |
| Revenue range | $4.7M – $9.4M |
| EBITDA range | $255K – $510K |
| Industry (NAICS) | Industrial Building Construction (236210) |
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
Advisors
- BankingLocal 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 Roles are as stated there and may be out of date.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
| Local Bank PPP 2020 | All 85 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 | $34K | 11 |
About Covel Contracting LLC
Covel Contracting LLC is a commercial construction company in Cookson, Oklahoma. Its estimated annual revenue is about $7.9M, with roughly $431K of EBITDA. It has about 11 employees. Its estimated business value is $991K (likely range $469K–$1.4M).
Common questions
- Who owns Covel Contracting LLC?
- The owner of Covel Contracting 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 Covel Contracting LLC make?
- SeeBITDA estimates Covel Contracting LLC's annual revenue at about $7.9M (likely between $4.7M and $9.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Covel Contracting LLC worth?
- About $991K, roughly 2.3× its estimated EBITDA of $431K, typical for a commercial construction company its size. Likely range: $469K–$1.4M.
- How many employees does Covel Contracting LLC have?
- About 11, as reported on its PPP loan.