Lance R Schmidt, DDS, PC
How we got $6.9M
Based on its 21 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Employees over time
▼ 33% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 21 | $4.5M |
| 2020 | Form 5500 | 17 | $3.6M |
| 2021 | Form 5500 | 15 | $3.2M |
| 2022 | Form 5500 | 15 | $3.2M |
| 2023 | Form 5500 | 12 | $2.6M |
| 2024 | Form 5500 | 14 | $3.0M |
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 |
|---|---|---|
| LANCE R SCHMIDT, DDS, PC this business | $6.9M | — |
| OKLAHOMA OVERSIGHT CONSULTANTS LTD Oklahoma City · 2 employees | $437K | 0.9 mi |
| OKLAHOMA ACADEMY OF FAMILY PHYSICIANS Oklahoma City · 2 employees | $411K | 1.0 mi |
| STRATFORD PLACE CONDOMINIUM OWNERS' ASSOCIATION, INC. Oklahoma City · 2 employees | $344K | 1.7 mi |
| BAC, LLC Oklahoma City · 1 employees | $314K | 2.6 mi |
| LEADERSHIP OKLAHOMA INC Oklahoma City · 4 employees | $867K | 3.2 mi |
| OKLAHOMA ROOFING CONTRACTORS ASSOCIATION, INC Edmond · 1 employees | $230K | 3.2 mi |
The full calculation
| Employees reported to the SBA | 21 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.7M |
| Estimate: the two combined (geometric mean) | $6.9M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $2.1M |
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.
| Revenue range | $4.5M – $7.8M |
| EBITDA range | $1.4M – $2.3M |
| Industry (NAICS) | Professional Organizations (813920) |
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 Liberty 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
| First Liberty Bank PPP 2020, PPP 2021 | All 382 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $201K | 20 |
| 1/16/2021 | second | $201K | 21 |
About Lance R Schmidt, DDS, PC
Lance R Schmidt, DDS, PC is a churches & nonprofits company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $6.9M, with roughly $2.1M of EBITDA. It has about 14 employees.
Common questions
- Who owns Lance R Schmidt, DDS, PC?
- The owner of Lance R Schmidt, DDS, PC 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 Lance R Schmidt, DDS, PC make?
- SeeBITDA estimates Lance R Schmidt, DDS, PC's annual revenue at about $6.9M (likely between $4.5M and $7.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- How many employees does Lance R Schmidt, DDS, PC have?
- About 14, from its 2024 retirement-plan filing.