Covenant Sod, LLC
How we got $389K
Based on 2 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
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 SOD, LLC this business | $3.2M | — |
| TULSA EXECUTIVE FLIGHT LLC Tulsa · 23 employees | $42.7M | 12.1 mi |
| WORLD VIEW INC Jenks · 2 employees | $113K | 15.6 mi |
| SUNBURST SEED COMPANY Muskogee · 2 employees | $6.4M | 24.8 mi |
| COLLINSVILLE LIVESTOCK SALES LLC Collinsville · 6 employees | $12.3M | 28.1 mi |
| BOLES LIVESTOCK AND MARKETING CO. LLC Braggs · 1 employees | $3.2M | 36.3 mi |
| VARNER & VARNER Bristow · 23 employees | $50.4M | 38.6 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Industry revenue per employee | $1.5M |
| Revenue = employees × revenue per employee | $3.2M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $162K |
| Cross-check: revenue implied by PPP payroll | $1.0M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has fallen 2% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $389K |
| Multiple for this size and industry | 2.4× |
| Value range | $218K – $653K |
| Revenue range | $2.2M – $4.4M |
| EBITDA range | $113K – $227K |
| Industry (NAICS) | Other Farm Product Raw Material Merchant Wholesalers (424590) |
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. 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
- BankingFNB CowetaPPP / 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 Roles are as stated there and may be out of date.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
| FNB Coweta PPP 2020 | All 118 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 | $9K | 2 |
About Covenant Sod, LLC
Covenant Sod, LLC is an other farm product raw material merchant wholesalers company in Coweta, Oklahoma. Its estimated annual revenue is about $3.2M, with roughly $162K of EBITDA. It has about 2 employees. Its estimated business value is $389K (likely range $218K–$653K).
Common questions
- Who owns Covenant Sod, LLC?
- The owner of Covenant Sod, 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 Sod, LLC make?
- SeeBITDA estimates Covenant Sod, LLC's annual revenue at about $3.2M (likely between $2.2M and $4.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Covenant Sod, LLC worth?
- About $389K, roughly 2.4× its estimated EBITDA of $162K, typical for a other farm product raw material merchant wholesalers company its size. Likely range: $218K–$653K.
- How many employees does Covenant Sod, LLC have?
- About 2, as reported on its PPP loan.