Faith Electric Inc.
How we got $2.2M
Based on its 22 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 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 22% 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
▲ 127% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 22 | $4.3M |
| 2020 | Form 5500 | 23 | $4.5M |
| 2021 | Form 5500 | 38 | $7.4M |
| 2022 | Form 5500 | 50 | $9.7M |
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 |
|---|---|---|
| FAITH ELECTRIC INC. this business | $7.0M | — |
| MICHAEL SPENCE Edmond · 2 employees | $500K | 0.3 mi |
| INGRAM MECHANICAL, LLC Edmond · 3 employees | $833K | 0.8 mi |
| EXPERT MECHANICAL SERVICES LLC Edmond · 2 employees | $918K | 1.1 mi |
| GRAHAMS WATER WORKS LLC Edmond · 8 employees | $1.9M | 1.1 mi |
| LIGHT PRO ELECTRIC, LLC Edmond · 4 employees | $1.1M | 1.2 mi |
| CUSTOM INSTALLATIONS INC Edmond · 4 employees | $1.1M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.0M |
| Estimate: the two combined (geometric mean) | $7.0M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $746K |
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 | $2.2M |
| Multiple for this size and industry | 3× |
| Value range | $1.2M – $3.1M |
| Revenue range | $4.6M – $8.0M |
| EBITDA range | $491K – $851K |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
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
Advisors
- BankingKirkpatrick 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
| Kirkpatrick Bank PPP 2020 | All 258 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $223K | 22 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Faith Electric Inc.
Faith Electric Inc. is an electricians company in Edmond, Oklahoma, in business since 2008. Its estimated annual revenue is about $7.0M, with roughly $746K of EBITDA. It has about 50 employees. Its estimated business value is $2.2M (likely range $1.2M–$3.1M).
Common questions
- Who owns Faith Electric Inc.?
- The owner of Faith Electric 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 Faith Electric Inc. make?
- SeeBITDA estimates Faith Electric Inc.'s annual revenue at about $7.0M (likely between $4.6M and $8.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Faith Electric Inc. worth?
- About $2.2M, roughly 3× its estimated EBITDA of $746K, typical for a electricians company its size. Likely range: $1.2M–$3.1M.
- How many employees does Faith Electric Inc. have?
- About 50, from its 2022 retirement-plan filing.
- When was Faith Electric Inc. founded?
- Faith Electric Inc. has been in business since 2008.