First Source Staffing, Inc
How we got $2.3M
Based on its 80 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
First Source Staffing, Inc. is a locally owned staffing agency in Enid, Oklahoma that connects employers with qualified employees and provides recruiting and employment services.
From the company's website. Industry: Staffing & recruiting.
Estimated value over time
▲ 44% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FIRST SOURCE STAFFING, INC this business | $6.4M | — |
| TPI HUMAN RESOURCE, INC. Enid · 16 employees | $2.6M | 1.5 mi |
| TEMPORARY PERSONNEL, INC. Enid · 332 employees | $17.1M | 1.5 mi |
| E&E STAFFING, LLC Waukomis · 23 employees | $1.5M | 11.7 mi |
| RURAL OKLAHOMA STAFFING SOLUTIONS, LLC Okeene · 36 employees | $2.9M | 31.6 mi |
| RS, LLC Red Rock · 117 employees | $17.0M | 45.5 mi |
| PERSONNEL STAFFING INC. Ponca City · 348 employees | $30.2M | 49.8 mi |
The full calculation
| Employees reported to the SBA | 80 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.9M |
| Estimate: the two combined (geometric mean) | $6.4M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $607K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 16% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $2.3M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.4M – $3.6M |
| Revenue range | $4.8M – $8.4M |
| EBITDA range | $455K – $789K |
| Industry (NAICS) | Employment Placement Agencies (561311) |
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
People & advisors
Leadership
- LNLizeth NunezOffice Manager · Company website · source
- TPTania Portillo BritoRecruiting Coordinator · Company website · source
- JRJon RoldanSales / Business Development · Company website · source
Advisors
- BankingCowboy 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
| Cowboy Bank PPP 2020, PPP 2021 | All 286 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $288K | 80 |
| 1/16/2021 | second | $390K | 70 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About First Source Staffing, Inc
First Source Staffing, Inc is a staffing & recruiting company in Enid, Oklahoma, in business since 2018. It is owned by Corey Boler (President/CEO). Its estimated annual revenue is about $6.4M, with roughly $607K of EBITDA. It has about 80 employees. Its estimated business value is $2.3M (likely range $1.4M–$3.6M).
Common questions
- Who owns First Source Staffing, Inc?
- First Source Staffing, Inc is owned by Corey Boler (President/CEO), according to public sources such as the company's website or filings.
- How much revenue does First Source Staffing, Inc make?
- SeeBITDA estimates First Source Staffing, Inc's annual revenue at about $6.4M (likely between $4.8M and $8.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is First Source Staffing, Inc worth?
- About $2.3M, roughly 3.8× its estimated EBITDA of $607K, typical for a staffing & recruiting company its size. Likely range: $1.4M–$3.6M.
- How many employees does First Source Staffing, Inc have?
- About 80, as reported on its PPP loan.
- When was First Source Staffing, Inc founded?
- First Source Staffing, Inc has been in business since 2018.