Elco Resources LLC
How we got $4.9M
Based on 1 employees reported for PPP in 2021, grown at the industry's Oklahoma rate since.
Estimated value over time
▲ 23% 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 |
|---|---|---|
| ELCO RESOURCES LLC this business | $4.6M | — |
| RAPTOR RESOURCES LLC Owasso · 3 employees | $13.9M | 0.0 mi |
| DEAD FERN RESOURCES, INC Owasso · 7 employees | $40.3M | 3.3 mi |
| CHRISTOPHER D HENDERSON Owasso · 2 employees | $6.4M | 3.4 mi |
| F & G MANAGEMENT LLC Claremore · 1 employees | $4.6M | 5.6 mi |
| REDDY OIL & GAS CORP Tulsa · 7 employees | $19.3M | 6.7 mi |
| BAYTIDE PETROLEUM INC Tulsa · 10 employees | $46.4M | 8.9 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Industry revenue per employee | $3.3M |
| Revenue = employees × revenue per employee | $4.6M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.3M |
| Cross-check: revenue implied by PPP payroll | $1.2M |
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 | $4.9M |
| Multiple for this size and industry | 3.8× |
| Value range | $2.3M – $6.9M |
| Revenue range | $2.7M – $5.5M |
| EBITDA range | $761K – $1.5M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
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, 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
- BankingFirst Bank of OwassoPPP / 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 Roles are as stated there and may be out of date.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 Bank of Owasso PPP 2021 | All 426 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/18/2021 | first | $6K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Elco Resources LLC
Elco Resources LLC is a crude petroleum extraction company in Owasso, Oklahoma. It is owned by Trae Elias (Contact). Its estimated annual revenue is about $4.6M, with roughly $1.3M of EBITDA. It has about 1 employees. Its estimated business value is $4.9M (likely range $2.3M–$6.9M).
Common questions
- Who owns Elco Resources LLC?
- Elco Resources LLC is owned by Trae Elias (Contact), according to public sources such as the company's website or filings.
- How much revenue does Elco Resources LLC make?
- SeeBITDA estimates Elco Resources LLC's annual revenue at about $4.6M (likely between $2.7M and $5.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Elco Resources LLC worth?
- About $4.9M, roughly 3.8× its estimated EBITDA of $1.3M, typical for a crude petroleum extraction company its size. Likely range: $2.3M–$6.9M.
- How many employees does Elco Resources LLC have?
- About 1, as reported on its PPP loan.