Heartland Tank Services, Inc
How we got $2.2M
Based on its 18 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
▲ 23% 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 |
|---|---|---|
| HEARTLAND TANK SERVICES, INC this business | $8.4M | — |
| BETTS DRILLING, LLC Oklahoma City · 27 employees | $10.7M | 0.3 mi |
| Advanced Restoration & Contracting LLC Oklahoma City | $3.9M | 0.5 mi |
| Swim Tech Pools and Spas Oklahoma City | $2.0M | 1.1 mi |
| SUPERIOR FENCE CONSTRUCTION,INC. Oklahoma City · 34 employees | $12.2M | 1.5 mi |
| FT CONSTRUCTION COMPANY, INCORPORATED Oklahoma City · 3 employees | $1.7M | 2.0 mi |
| IRON TOUGH LLC Oklahoma City · 5 employees | $1.2M | 2.2 mi |
The full calculation
| Employees reported to the SBA | 18 |
| 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) | $8.7M |
| Estimate: the two combined (geometric mean) | $8.4M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $785K |
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 | 2.8× |
| Value range | $1.2M – $3.0M |
| Revenue range | $5.5M – $9.6M |
| EBITDA range | $516K – $895K |
| Industry (NAICS) | All Other Specialty Trade Contractors (238990) |
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
History & advisors
Advisors
- BankingFirst United Bank and Trust CompanyPPP / 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
| First United Bank and Trust Company PPP 2020 | All 2,229 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 | $225K | 18 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Heartland Tank Services, Inc
Heartland Tank Services, Inc is a fencing, siding & exterior company in Oklahoma City, Oklahoma, in business since 2008. Its estimated annual revenue is about $8.4M, with roughly $785K of EBITDA. It has about 18 employees. Its estimated business value is $2.2M (likely range $1.2M–$3.0M).
Common questions
- Who owns Heartland Tank Services, Inc?
- The owner of Heartland Tank Services, 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 Heartland Tank Services, Inc make?
- SeeBITDA estimates Heartland Tank Services, Inc's annual revenue at about $8.4M (likely between $5.5M and $9.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Heartland Tank Services, Inc worth?
- About $2.2M, roughly 2.8× its estimated EBITDA of $785K, typical for a fencing, siding & exterior company its size. Likely range: $1.2M–$3.0M.
- How many employees does Heartland Tank Services, Inc have?
- About 18, as reported on its PPP loan.
- When was Heartland Tank Services, Inc founded?
- Heartland Tank Services, Inc has been in business since 2008.