First State Investment Advisors Inc.
How we got $1.9M
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 4% 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 STATE INVESTMENT ADVISORS INC. this business | $1.7M | — |
| COWA, LLC Tulsa · 5 employees | $2.6M | 0.0 mi |
| MARKER PETROLEUM, INC Tulsa · 1 employees | $1.1M | 0.3 mi |
| CADENT CAPITAL ADVISORS, LLC Tulsa · 5 employees | $3.6M | 0.3 mi |
| PROVENZANO GROUP LC Tulsa · 6 employees | $1.7M | 1.1 mi |
| SDK GROUP LLC Tulsa · 6 employees | $2.6M | 1.1 mi |
| GLOBAL RETREATS LLC Tulsa · 80 employees | $55.8M | 1.2 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.8M |
| Estimate: the two combined (geometric mean) | $1.7M |
| EBITDA margin (industry, adjusted for size) | 39% |
| EBITDA = revenue × margin | $664K |
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 | $1.9M |
| Multiple for this size and industry | 2.8× |
| Value range | $978K – $2.5M |
| Revenue range | $1.1M – $1.9M |
| EBITDA range | $437K – $757K |
| Industry (NAICS) | Other financial investment activities (523930) |
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
- BankingRegent 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 Roles are as stated there and may be out of date.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
| Regent Bank PPP 2020, PPP 2021 | All 726 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $54K | 3 |
| 4/10/2021 | second | $51K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About First State Investment Advisors Inc.
First State Investment Advisors Inc. is a financial advisors company in Tulsa, Oklahoma, in business since 2001. Its estimated annual revenue is about $1.7M, with roughly $664K of EBITDA. It has about 3 employees. Its estimated business value is $1.9M (likely range $978K–$2.5M).
Common questions
- Who owns First State Investment Advisors Inc.?
- The owner of First State Investment Advisors 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 First State Investment Advisors Inc. make?
- SeeBITDA estimates First State Investment Advisors Inc.'s annual revenue at about $1.7M (likely between $1.1M and $1.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is First State Investment Advisors Inc. worth?
- About $1.9M, roughly 2.8× its estimated EBITDA of $664K, typical for a financial advisors company its size. Likely range: $978K–$2.5M.
- How many employees does First State Investment Advisors Inc. have?
- About 3, as reported on its PPP loan.
- When was First State Investment Advisors Inc. founded?
- First State Investment Advisors Inc. has been in business since 2001.