Howard Insurance Agency
How we got $1.6M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 30% 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
▲ 33% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 6 | $1.1M |
| 2020 | Form 5500 | 6 | $1.1M |
| 2021 | Form 5500 | 6 | $1.1M |
| 2022 | Form 5500 | 8 | $1.4M |
| 2023 | Form 5500 | 8 | $1.4M |
| 2024 | Form 5500 | 8 | $1.4M |
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 |
|---|---|---|
| HOWARD INSURANCE AGENCY this business | $1.4M | — |
| CHRIS MATHURIN AGENCY LLC Broken Arrow · 8 employees | $1.6M | 0.1 mi |
| Brightway Insurance Broken Arrow | $806K | 0.1 mi |
| TRIBAL DEVELOPMENT GROUP Broken Arrow · 1 employees | $167K | 0.2 mi |
| Andrew Baker Broken Arrow | $806K | 0.2 mi |
| Swinging Gate Broken Arrow | $806K | 0.4 mi |
| American National Insurance Co Broken Arrow | $806K | 0.7 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.3M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $443K |
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 | $1.6M |
| Multiple for this size and industry | 3.6× |
| Value range | $839K – $2.2M |
| Revenue range | $888K – $1.5M |
| EBITDA range | $291K – $505K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
- JHJoseph HowardSigned for the company · 2020 retirement-plan filing (Form 5500)
Advisors
- BankingAVB 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
| AVB Bank PPP 2020, PPP 2021 | All 309 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $57K | 6 |
| 1/30/2021 | second | $59K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Howard Insurance Agency
Howard Insurance Agency is an insurance agencies company in Broken Arrow, Oklahoma. Its estimated annual revenue is about $1.4M, with roughly $443K of EBITDA. It has about 8 employees. Its estimated business value is $1.6M (likely range $839K–$2.2M).
Common questions
- Who owns Howard Insurance Agency?
- The owner of Howard Insurance Agency 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 Howard Insurance Agency make?
- SeeBITDA estimates Howard Insurance Agency's annual revenue at about $1.4M (likely between $888K and $1.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Howard Insurance Agency worth?
- About $1.6M, roughly 3.6× its estimated EBITDA of $443K, typical for a insurance agencies company its size. Likely range: $839K–$2.2M.
- How many employees does Howard Insurance Agency have?
- About 8, from its 2024 retirement-plan filing.