Covenant Insurance Services LLC
How we got $1.0M
Based on 3 employees reported for PPP in 2021, grown at the industry's Oklahoma rate since.
What we know
What they do
Covenant Insurance Services LLC is an insurance agency in Prague, Oklahoma. The page title describes it as an Oklahoma and Texas insurance agency.
From the company's website. Industry: Insurance agencies.
Estimated value over time
▲ 25% since 2021Today'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
▲ 0% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 3 | $538K |
| 2022 | Form 5500 | 5 | $896K |
| 2023 | Form 5500 | 4 | $717K |
| 2024 | Form 5500 | 2 | $358K |
| 2025 | Form 5500 | 3 | $538K |
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 |
|---|---|---|
| COVENANT INSURANCE SERVICES LLC this business | $737K | — |
| TERRELL INSURANCE GROUP LLC Prague · 3 employees | $569K | 0.1 mi |
| WILLIAMSON INSURANCE INC. Prague · 5 employees | $729K | 0.2 mi |
| ROSS INSURANCE AGENCY LLC Prague · 2 employees | $360K | 0.3 mi |
| P M INSURANCE INC Paden · 2 employees | $416K | 5.5 mi |
| KRISTIN LUDI INSURANCE AGENCY LLC Meeker · 3 employees | $538K | 11.8 mi |
| INSURANCE BROKERS GROUP, INC. Shawnee · 4 employees | $1.4M | 12.6 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Industry revenue per employee | $179K |
| Revenue = employees × revenue per employee | $737K |
| EBITDA margin (industry, adjusted for size) | 38% |
| EBITDA = revenue × margin | $283K |
| Cross-check: revenue implied by PPP payroll | $121K |
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 | $1.0M |
| Multiple for this size and industry | 3.6× |
| Value range | $483K – $1.4M |
| Revenue range | $436K – $872K |
| EBITDA range | $168K – $335K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
- BankingBancFirstPPP / 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
| BancFirst PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/16/2021 | first | $4K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Covenant Insurance Services LLC
Covenant Insurance Services LLC is an insurance agencies company in Prague, Oklahoma, in business since 2018. Its estimated annual revenue is about $737K, with roughly $283K of EBITDA. It has about 3 employees. Its estimated business value is $1.0M (likely range $483K–$1.4M).
Common questions
- Who owns Covenant Insurance Services LLC?
- The owner of Covenant Insurance Services 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 Covenant Insurance Services LLC make?
- SeeBITDA estimates Covenant Insurance Services LLC's annual revenue at about $737K (likely between $436K and $872K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Covenant Insurance Services LLC worth?
- About $1.0M, roughly 3.6× its estimated EBITDA of $283K, typical for a insurance agencies company its size. Likely range: $483K–$1.4M.
- How many employees does Covenant Insurance Services LLC have?
- About 3, from its 2025 retirement-plan filing.
- When was Covenant Insurance Services LLC founded?
- Covenant Insurance Services LLC has been in business since 2018.