Lbr Inc
How we got $996K
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 Unlikely to sell soon
- In business 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
LBR Inc. is a locally owned airport consulting and engineering firm in Stillwater, Oklahoma, providing planning, design, construction administration and grant administration for airport projects. It says airports are its only business.
From the company's website. Industry: Engineering & architecture.
Customers & suppliers
Customers
- Stillwater Regional Airport · named on its website
- Durant Regional Airport · named on its website
- Ponca City Regional · named on its website
- Okemah Municipal · named on its website
- McAlester Regional · named on its website
- Chandler Regional · named on its website
- Hinton Municipal · named on its website
Estimated value over time
▲ 90% 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
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 3 | $656K |
| 2020 | Form 5500 | 3 | $656K |
| 2021 | Form 5500 | 3 | $656K |
| 2022 | Form 5500 | 3 | $656K |
| 2023 | Form 5500 | 3 | $656K |
| 2024 | Form 5500 | 3 | $656K |
| 2025 | Form 5500 | 3 | $656K |
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 |
|---|---|---|
| LBR INC this business | $1.6M | — |
| Hypersight Stillwater | $2.0M | 1.5 mi |
| COVE ENVIRONMENTAL, LLC Stillwater · 5 employees | $1.3M | 1.6 mi |
| BROWN ENGINEERING, P.C. Stillwater · 5 employees | $1.5M | 1.9 mi |
| Computer Troubleshooters Stillwater Stillwater | $2.0M | 2.1 mi |
| C4 Manufacturing Stillwater | $2.0M | 2.7 mi |
| Digital Doc Stillwater | $2.0M | 3.1 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $1.6M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $285K |
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 | $996K |
| Multiple for this size and industry | 3.5× |
| Value range | $524K – $1.4M |
| Revenue range | $1.0M – $1.8M |
| EBITDA range | $187K – $324K |
| Industry (NAICS) | Engineering Services (541330) |
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
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $63K | 3 |
| 1/28/2021 | second | $63K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lbr Inc
Lbr Inc is an engineering & architecture company in Stillwater, Oklahoma, in business since 2002. It is owned by Jed Banks (President). Its estimated annual revenue is about $1.6M, with roughly $285K of EBITDA. It has about 3 employees. Its estimated business value is $996K (likely range $524K–$1.4M).
Common questions
- Who owns Lbr Inc?
- Lbr Inc is owned by Jed Banks (President), according to public sources such as the company's website or filings.
- How much revenue does Lbr Inc make?
- SeeBITDA estimates Lbr Inc's annual revenue at about $1.6M (likely between $1.0M and $1.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lbr Inc worth?
- About $996K, roughly 3.5× its estimated EBITDA of $285K, typical for a engineering & architecture company its size. Likely range: $524K–$1.4M.
- How many employees does Lbr Inc have?
- About 3, from its 2025 retirement-plan filing.
- When was Lbr Inc founded?
- Lbr Inc has been in business since 2002.