David Merriman Insurance Agency Inc.
How we got $1.6M
Based on its 7 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 19 years (since 2007)
From public records and the company's website, not a statement that it's for sale.
What they do
David Merriman Insurance Agency is a State Farm insurance agent office in Claremore, OK, offering personal and small business insurance and financial products. The agency says it has served its community since 1999.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- State Farm · brand it sells or installs
Estimated value over time
▲ 30% 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.
Employees over time
▲ 29% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 7 | $1.3M |
| 2025 | Form 5500 | 9 | $1.6M |
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 |
|---|---|---|
| DAVID MERRIMAN INSURANCE AGENCY INC. this business | $1.3M | — |
| Cox Insurances | Claremore Area Insurance Agency Claremore | $806K | 0.2 mi |
| Medicare Help Claremore | $806K | 0.4 mi |
| WealthWave Life Insurance Claremore | $806K | 0.4 mi |
| Rogers County Farm Bureau Claremore | $118K | 0.5 mi |
| BRAD A SHELTON AGENCY INC Claremore · 2 employees | $595K | 0.5 mi |
| DAVID C. MARLETT INSURANCE LLC Claremore · 2 employees | $637K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 7 |
| 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) | $1.1M |
| Estimate: the two combined (geometric mean) | $1.3M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $431K |
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 | $1.6M |
| Multiple for this size and industry | 3.6× |
| Value range | $817K – $2.1M |
| Revenue range | $865K – $1.5M |
| EBITDA range | $284K – $492K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
Leadership
- DMDavid MerrimanState Farm Insurance Agent · Company website · source
Advisors
- BankingRCB 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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $47K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About David Merriman Insurance Agency Inc.
David Merriman Insurance Agency Inc. is an insurance agencies company in Claremore, Oklahoma, in business since 2007. Its estimated annual revenue is about $1.3M, with roughly $431K of EBITDA. It has about 9 employees. Its estimated business value is $1.6M (likely range $817K–$2.1M).
Common questions
- Who owns David Merriman Insurance Agency Inc.?
- The owner of David Merriman Insurance Agency 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 David Merriman Insurance Agency Inc. make?
- SeeBITDA estimates David Merriman Insurance Agency Inc.'s annual revenue at about $1.3M (likely between $865K and $1.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is David Merriman Insurance Agency Inc. worth?
- About $1.6M, roughly 3.6× its estimated EBITDA of $431K, typical for a insurance agencies company its size. Likely range: $817K–$2.1M.
- How many employees does David Merriman Insurance Agency Inc. have?
- About 9, from its 2025 retirement-plan filing.
- When was David Merriman Insurance Agency Inc. founded?
- David Merriman Insurance Agency Inc. has been in business since 2007.