Cycle Medical Billing, LLC
How we got $997K
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 21% 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.
What we know
What they do
Cycle Medical Billing is a boutique medical billing company serving Oklahoma and surrounding areas since 2017, providing billing and credentialing services to medical practices.
From the company's website. Industry: Accounting & tax.
Customers & suppliers
Customers
- Summit Wound Care and Hyperbaric Center · named on its website
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CYCLE MEDICAL BILLING, LLC this business | $1.4M | — |
| JEFFRIES ADVISORY GROUP Oklahoma City · 5 employees | $1.1M | 0.2 mi |
| Burnett Advisors Oklahoma City | $735K | 0.7 mi |
| ROBINSONGARY & ASSOCIATES PLLC Oklahoma City · 3 employees | $1.1M | 0.7 mi |
| DAVID HIMES CPA INC Oklahoma City · 2 employees | $522K | 0.7 mi |
| BELL & RHODES, P.C. Oklahoma City · 3 employees | $868K | 0.8 mi |
| ROBISONGARY & ASSOCIATES PLLC Oklahoma City · 3 employees | $1.1M | 0.8 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.3M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $285K |
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 | $997K |
| Multiple for this size and industry | 3.5× |
| Value range | $525K – $1.4M |
| Revenue range | $945K – $1.6M |
| EBITDA range | $187K – $325K |
| Industry (NAICS) | Other Accounting Services (541219) |
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
“Cycle is a boutique medical billing company serving Oklahoma and surrounding areas since 2017.”
Advisors
- BankingFirst National Bank of Oklahoma, Northeast 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
| First National Bank of Oklahoma PPP 2020 | All 405 borrowers → |
| Northeast Bank 7(a) 2025, 7(a) 2026 | All 77 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 | $70K | 9 |
Public records
| Dec 2025 | 7(a) | $145K |
| Dec 2024 | 7(a) | $150K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cycle Medical Billing, LLC
Cycle Medical Billing, LLC is an accounting & tax company in Oklahoma City, Oklahoma, in business since 2017. It is owned by Nancy Natale. Its estimated annual revenue is about $1.4M, with roughly $285K of EBITDA. It has about 9 employees. Its estimated business value is $997K (likely range $525K–$1.4M).
Common questions
- Who owns Cycle Medical Billing, LLC?
- Cycle Medical Billing, LLC is owned by Nancy Natale, according to public sources such as the company's website or filings.
- How much revenue does Cycle Medical Billing, LLC make?
- SeeBITDA estimates Cycle Medical Billing, LLC's annual revenue at about $1.4M (likely between $945K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cycle Medical Billing, LLC worth?
- About $997K, roughly 3.5× its estimated EBITDA of $285K, typical for a accounting & tax company its size. Likely range: $525K–$1.4M.
- How many employees does Cycle Medical Billing, LLC have?
- About 9, as reported on its PPP loan.
- When was Cycle Medical Billing, LLC founded?
- Cycle Medical Billing, LLC has been in business since 2017.