Elite Tank, Inc.
- Willis RinehartSales Manager · Company website
- Randi MoffatAccounting · Company website
- Dean HerreraTX Yard / Salesman · Company website
How we got $2.3M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 15% 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
Elite Tank, Inc. sells polyethylene poly tanks and bulk containments for chemical, water, septic and storage needs. It serves oil and gas, agriculture and commercial customers.
From the company's website. Industry: All Other Plastics Product Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 66 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 75 mi · $1.42B
- ADVANTAGE ENERGY SERVICES LLC · Mcalester, 53 mi · $1.19B
- MACH RESOURCES LLC · Oklahoma City, 76 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 68 mi · $711.9M
- FIRE LEAF ENTERPRISES LLC · Oklahoma City, 67 mi · $30.1M
- EXPRESS RANCHES INC · Yukon, 80 mi · $18.0M
- SHERRILL LIVESTOCK INC. · Mcalester, 52 mi · $13.1M
- ROBINSON BROS PORK, LLC · Holdenville, 28 mi · $12.6M
- CASTLE ROCK HEF, LLC · Oklahoma City, 72 mi · $10.7M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ELITE TANK, INC. this business | $3.7M | — |
| ARROW PUMP & SUPPLY OF ADA, LLC Ada · 12 employees | $3.5M | 0.7 mi |
| WW TANK OKLAHOMA, LLC Wewoka · 9 employees | $5.3M | 27.2 mi |
| ARROW PUMP & SUPPLY OF SEMINOLE, LLC Seminole · 22 employees | $8.9M | 31.5 mi |
| Sovereign Pipe Technologies Shawnee | $3.0M | 37.8 mi |
| Norwesco Shawnee | $1.3M | 39.8 mi |
| GENERAL PLASTICS, INC. Shawnee · 9 employees | $5.2M | 41.8 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.2M |
| Estimate: the two combined (geometric mean) | $3.7M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $593K |
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 | $2.3M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.2M – $3.1M |
| Revenue range | $2.4M – $4.2M |
| EBITDA range | $390K – $676K |
| Industry (NAICS) | All Other Plastics Product Manufacturing (326199) |
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
- BankingVision 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
| Vision Bank PPP 2020, PPP 2021 | All 487 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $60K | 8 |
| 1/17/2021 | second | $60K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Elite Tank, Inc.
Elite Tank, Inc. is a family-owned all other plastics product manufacturing company in Ada, Oklahoma, in business since 2012. It is owned by JB Bolin, Jr. (President). Its estimated annual revenue is about $3.7M, with roughly $593K of EBITDA. It has about 8 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.1M).
Common questions
- Who owns Elite Tank, Inc.?
- Elite Tank, Inc. is owned by JB Bolin, Jr. (President), according to public sources such as the company's website or filings.
- How much revenue does Elite Tank, Inc. make?
- SeeBITDA estimates Elite Tank, Inc.'s annual revenue at about $3.7M (likely between $2.4M and $4.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Elite Tank, Inc. worth?
- About $2.3M, roughly 3.8× its estimated EBITDA of $593K, typical for a all other plastics product manufacturing company its size. Likely range: $1.2M–$3.1M.
- How many employees does Elite Tank, Inc. have?
- About 8, as reported on its PPP loan.
- When was Elite Tank, Inc. founded?
- Elite Tank, Inc. has been in business since 2012.