Driving in Covenant LLC.
How we got $252K
Based on its 1 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 32% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DRIVING IN COVENANT LLC. this business | $639K | — |
| FORT HALL LOGISTICS INC. Tulsa · 1 employees | $313K | 0.7 mi |
| J & P VENTURES LLC Tulsa | $2.1M | 1.0 mi |
| GRAYLINE CONCRETE PUMPING LLC Tulsa | $1.9M | 1.1 mi |
| NS TRUCKING INC Tulsa | $9.5M | 1.2 mi |
| ADVANTAGE ENGINEERING, INC. Tulsa | $3.3M | 1.2 mi |
| WARREN PHILLIPS Tulsa · 1 employees | $800K | 1.2 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $457K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $687K |
| Estimate: the two combined (geometric mean) | $639K |
| EBITDA margin (industry, adjusted for size) | 19% |
| EBITDA = revenue × margin | $120K |
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 | $252K |
| Multiple for this size and industry | 2.1× |
| Value range | $132K – $344K |
| Revenue range | $420K – $728K |
| EBITDA range | $79K – $137K |
| Industry (NAICS) | General Freight Trucking, Long-Distance, Truckload (484121) |
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
- BankingJPMorgan Chase Bank, National AssociationPPP / 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 Roles are as stated there and may be out of date.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
| JPMorgan Chase Bank, National Association PPP 2021 | All 993 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/16/2021 | first | $13K | 1 |
About Driving in Covenant LLC.
Driving in Covenant LLC. is a general freight trucking, long-distance, truckload company in Tulsa, Oklahoma. Its estimated annual revenue is about $639K, with roughly $120K of EBITDA. It has about 1 employees. Its estimated business value is $252K (likely range $132K–$344K).
Common questions
- Who owns Driving in Covenant LLC.?
- The owner of Driving in Covenant 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 Driving in Covenant LLC. make?
- SeeBITDA estimates Driving in Covenant LLC.'s annual revenue at about $639K (likely between $420K and $728K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Driving in Covenant LLC. worth?
- About $252K, roughly 2.1× its estimated EBITDA of $120K, typical for a general freight trucking, long-distance, truckload company its size. Likely range: $132K–$344K.
- How many employees does Driving in Covenant LLC. have?
- About 1, as reported on its PPP loan.