Hangang Corporation
How we got $417K
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 26% 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HANGANG CORPORATION this business | $4.0M | — |
| MAINE STREET MINI MART, INC Enid · 13 employees | $14.6M | 1.0 mi |
| GRAND EXPRESS LLC Enid · 5 employees | $3.4M | 2.6 mi |
| AEKYUNG KANG Enid · 3 employees | $4.7M | 2.7 mi |
| OAK MART INC Enid · 8 employees | $6.3M | 2.9 mi |
| 1606 WILLOW INC. Enid · 3 employees | $3.3M | 3.6 mi |
| WILLIAMS CAPITAL CORP Enid · 21 employees | $17.0M | 3.7 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.2M |
| Estimate: the two combined (geometric mean) | $4.0M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $208K |
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 | $417K |
| Multiple for this size and industry | 2× |
| Value range | $219K – $570K |
| Revenue range | $2.6M – $4.5M |
| EBITDA range | $137K – $238K |
| Industry (NAICS) | Retail Trade (447110) |
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: approximate sector default. 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
- BankingStride Bank, National AssociationPPP / 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 Roles are as stated there and may be out of date.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
| Stride Bank, National Association PPP 2020 | All 504 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $20K | 5 |
About Hangang Corporation
Hangang Corporation is a retail trade company in Enid, Oklahoma. Its estimated annual revenue is about $4.0M, with roughly $208K of EBITDA. It has about 5 employees. Its estimated business value is $417K (likely range $219K–$570K).
Common questions
- Who owns Hangang Corporation?
- The owner of Hangang Corporation 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 Hangang Corporation make?
- SeeBITDA estimates Hangang Corporation's annual revenue at about $4.0M (likely between $2.6M and $4.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hangang Corporation worth?
- About $417K, roughly 2× its estimated EBITDA of $208K, typical for a retail trade company its size. Likely range: $219K–$570K.
- How many employees does Hangang Corporation have?
- About 5, as reported on its PPP loan.