Covenant Electric Inc
How we got $173K
Based on its 2 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
▲ 22% 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 |
|---|---|---|
| COVENANT ELECTRIC INC this business | $577K | — |
| STEVEN PRICE Broken Arrow · 1 employees | $475K | 0.3 mi |
| URGENT AIR LLC Broken Arrow · 1 employees | $484K | 0.3 mi |
| Davis H Elliot Broken Arrow | $1.8M | 1.7 mi |
| COOPER ELECTRIC INC. Broken Arrow · 3 employees | $797K | 1.8 mi |
| AJ ELECTRIC INC Broken Arrow · 9 employees | $2.1M | 1.8 mi |
| HOT SHOT ELECTRIC LLC Broken Arrow · 3 employees | $698K | 1.9 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $494K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $518K |
| Estimate: the two combined (geometric mean) | $577K |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $87K |
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 | $173K |
| Multiple for this size and industry | 2× |
| Value range | $91K – $237K |
| Revenue range | $379K – $658K |
| EBITDA range | $57K – $99K |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
- BankingBOKF, National AssociationPPP / 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 Roles are as stated there and may be out of date.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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $17K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Covenant Electric Inc
Covenant Electric Inc is an electricians company in Broken Arrow, Oklahoma, in business since 2005. Its estimated annual revenue is about $577K, with roughly $87K of EBITDA. It has about 2 employees. Its estimated business value is $173K (likely range $91K–$237K).
Common questions
- Who owns Covenant Electric Inc?
- The owner of Covenant Electric 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 Covenant Electric Inc make?
- SeeBITDA estimates Covenant Electric Inc's annual revenue at about $577K (likely between $379K and $658K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Covenant Electric Inc worth?
- About $173K, roughly 2× its estimated EBITDA of $87K, typical for a electricians company its size. Likely range: $91K–$237K.
- How many employees does Covenant Electric Inc have?
- About 2, as reported on its PPP loan.
- When was Covenant Electric Inc founded?
- Covenant Electric Inc has been in business since 2005.