Interstate Helicopters Inc
How we got $2.0M
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.
What they do
Interstate Helicopters Inc. is an Oklahoma helicopter service provider offering helicopter tours, aerial survey work, aircraft management, financing and insurance help, and flight training. It says it serves commercial and government clients as well as private individuals in the Oklahoma City area.
From the company's website. Industry: Scheduled Passenger Air Transportation.
Estimated value over time
▲ 7% 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 |
|---|---|---|
| INTERSTATE HELICOPTERS INC this business | $3.3M | — |
| 6076, LLC Oklahoma City · 1 employees | $1.5M | 4.4 mi |
| SUPRDAVE SERVICES LLC Oklahoma City · 1 employees | $914K | 4.6 mi |
| DOW AERO LOGISTICS, LLC Oklahoma City · 32 employees | $35.9M | 12.8 mi |
| JETSET LLC Edmond · 1 employees | $1.5M | 13.8 mi |
| QUAD INVESTMENTS, LLC Norman · 3 employees | $3.7M | 23.5 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.5M |
| Estimate: the two combined (geometric mean) | $3.3M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $520K |
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 | $2.0M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.0M – $2.7M |
| Revenue range | $2.2M – $3.8M |
| EBITDA range | $342K – $593K |
| Industry (NAICS) | Scheduled Passenger Air Transportation (481111) |
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. 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 Bethany Bank & TrustPPP / 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 Bethany Bank & Trust PPP 2020 | All 186 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $34K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Interstate Helicopters Inc
Interstate Helicopters Inc is a scheduled passenger air transportation company in Bethany, Oklahoma, in business since 2001. Its estimated annual revenue is about $3.3M, with roughly $520K of EBITDA. It has about 3 employees. Its estimated business value is $2.0M (likely range $1.0M–$2.7M).
Common questions
- Who owns Interstate Helicopters Inc?
- The owner of Interstate Helicopters 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 Interstate Helicopters Inc make?
- SeeBITDA estimates Interstate Helicopters Inc's annual revenue at about $3.3M (likely between $2.2M and $3.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Interstate Helicopters Inc worth?
- About $2.0M, roughly 3.8× its estimated EBITDA of $520K, typical for a scheduled passenger air transportation company its size. Likely range: $1.0M–$2.7M.
- How many employees does Interstate Helicopters Inc have?
- About 3, as reported on its PPP loan.
- When was Interstate Helicopters Inc founded?
- Interstate Helicopters Inc has been in business since 2001.