Covenant Living of Bixby
How we got $4.5M
Based on its 30 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Covenant Living of Bixby is a rental senior living retirement community in Bixby, Oklahoma, offering residential (independent) living and assisted living apartments for people 62 and older.
From the company's website. Industry: Assisted Living Facilities for the Elderly.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| COVENANT LIVING OF BIXBY this business | $4.5M | — |
| THE BRIDGE CHURCH, INC Bixby · 17 employees | $2.7M | 0.5 mi |
| JOE MCGEE MINISTRIES INC Bixby · 6 employees | $201K | 0.6 mi |
| EDUCATION FOR SCHOLARS INC. Tulsa · 1 employees | $153K | 1.1 mi |
| JIM KING MINISTRIES Bixby · 3 employees | $1.0M | 1.2 mi |
| WOODLAKE ASSEMBLY OF GOD CHURCH Tulsa · 29 employees | $4.7M | 1.5 mi |
| ST. JAMES UNITED METHODIST CHURCH Tulsa · 20 employees | $2.5M | 1.7 mi |
The full calculation
| Employees reported to the SBA | 30 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.9M |
| Estimate: the two combined (geometric mean) | $4.5M |
| EBITDA margin (industry, adjusted for size) | 26% |
| EBITDA = revenue × margin | $1.2M |
Calibrated: revenue lowered to 57% of the industry-average estimate, to match what businesses in this industry actually report.
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.
| Revenue range | $3.0M – $5.1M |
| EBITDA range | $778K – $1.3M |
| Industry (NAICS) | Assisted Living Facilities for the Elderly (623312) |
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
History & advisors
Advisors
- BankingThe 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 Roles are as stated there and may be out of date.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 Huntington National Bank PPP 2020 | All 21 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/21/2020 | first | $197K | 30 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Covenant Living of Bixby
Covenant Living of Bixby is an assisted living facilities for the elderly company in Bixby, Oklahoma, in business since 2018. Its estimated annual revenue is about $4.5M, with roughly $1.2M of EBITDA. It has about 30 employees.
Common questions
- Who owns Covenant Living of Bixby?
- The owner of Covenant Living of Bixby 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 Living of Bixby make?
- SeeBITDA estimates Covenant Living of Bixby's annual revenue at about $4.5M (likely between $3.0M and $5.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- How many employees does Covenant Living of Bixby have?
- About 30, as reported on its PPP loan.
- When was Covenant Living of Bixby founded?
- Covenant Living of Bixby has been in business since 2018.