Formcrete Fiberglass Products, Inc.
How we got $2.3M
Based on its 10 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 43% 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
▼ 10% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 10 | $6.7M |
| 2025 | Form 5500 | 9 | $6.1M |
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 |
|---|---|---|
| FORMCRETE FIBERGLASS PRODUCTS, INC. this business | $8.5M | — |
| BUD BLAKLEY LUMBER COMPANY, INC Chandler · 8 employees | $9.2M | 33.9 mi |
| SOUTHEAST DOOR & PLYWOOD, INC. Choctaw · 15 employees | $17.5M | 37.7 mi |
| BAKER GUTTERING & INSULATION LLC Henryetta · 4 employees | $6.9M | 39.1 mi |
| KENNEDY LUMBER COMPANY, INC Henryetta · 7 employees | $7.9M | 40.5 mi |
| RUSTIC REMODELING LLC Oklahoma City · 1 employees | $1.5M | 41.6 mi |
| PEARSON'S LUMBER YARD INC. Lexington · 5 employees | $6.0M | 41.7 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.5M |
| Estimate: the two combined (geometric mean) | $8.5M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $628K |
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 | 3.6× |
| Value range | $1.2M – $3.1M |
| Revenue range | $5.6M – $9.7M |
| EBITDA range | $413K – $716K |
| Industry (NAICS) | Other Construction Material Merchant Wholesalers (423390) |
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
- BankingArvest Bank, First Pryority Bank, SpiritBankPPP / 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
| First Pryority Bank 7(a) 2026 | All 258 borrowers → |
| SpiritBank 7(a) 2023, 7(a) 2024 | All 369 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $125K | 10 |
| 1/28/2021 | second | $125K | 10 |
Public records
| Sep 2026 | 7(a) | $250K |
| Sep 2026 | 7(a) | $2.8M |
| Nov 2023 | 7(a) | $2.0M |
| Aug 2023 | 7(a) | $2.0M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Formcrete Fiberglass Products, Inc.
Formcrete Fiberglass Products, Inc. is an other construction material merchant wholesalers company in Seminole, Oklahoma, in business since 1999. Its estimated annual revenue is about $8.5M, with roughly $628K of EBITDA. It has about 9 employees. Its estimated business value is $2.3M (likely range $1.2M–$3.1M).
Common questions
- Who owns Formcrete Fiberglass Products, Inc.?
- The owner of Formcrete Fiberglass Products, 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 Formcrete Fiberglass Products, Inc. make?
- SeeBITDA estimates Formcrete Fiberglass Products, Inc.'s annual revenue at about $8.5M (likely between $5.6M and $9.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Formcrete Fiberglass Products, Inc. worth?
- About $2.3M, roughly 3.6× its estimated EBITDA of $628K, typical for a other construction material merchant wholesalers company its size. Likely range: $1.2M–$3.1M.
- How many employees does Formcrete Fiberglass Products, Inc. have?
- About 9, from its 2025 retirement-plan filing.
- When was Formcrete Fiberglass Products, Inc. founded?
- Formcrete Fiberglass Products, Inc. has been in business since 1999.