Loftis & Wetzel Corporation
How we got $10.1M
Based on its 28 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
Loftis & Wetzel Insurance is an independent insurance agency offering personal, business, and employee benefits insurance and risk management solutions to individuals, families, farms, and businesses in Oklahoma.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- WINTER LIVESTOCK, INC · Enid, 43 mi · $60.2M
- LAZY J ARENA, LLC · Stillwater, 55 mi · $30.7M
- SOUTHERN PLAINS LIVESTOCK AUCTION, INC. · Blackwell, 2 mi · $14.9M
- Hanor · Enid, 41 mi · $9.6M
- GRISWOLD CATTLE CO., L.L.C. · Stillwater, 54 mi · $8.7M
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
▲ 75% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 28 | $5.0M |
| 2020 | Form 5500 | 37 | $6.6M |
| 2021 | Form 5500 | 37 | $6.6M |
| 2022 | Form 5500 | 34 | $6.1M |
| 2023 | Form 5500 | 35 | $6.3M |
| 2024 | Form 5500 | 50 | $9.0M |
| 2025 | Form 5500 | 49 | $8.8M |
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 |
|---|---|---|
| LOFTIS & WETZEL CORPORATION this business | $7.8M | — |
| Chartier Agency Blackwell | $806K | 0.1 mi |
| American Dream Cannabis Llc Blackwell | $806K | 0.3 mi |
| Kay County Farm Bureau/ Oklahoma Farm Bureau Insurance Blackwell | $174K | 0.7 mi |
| BRADLEY CROP INSURANCE LLC Blackwell · 1 employees | $408K | 1.0 mi |
| CLAYBAKER CROP INS AGENCY INC Blackwell · 3 employees | $764K | 3.6 mi |
| CLAYBAKER CROP INSURANCE AGENCY CORPORATION Blackwell · 2 employees | $624K | 3.6 mi |
The full calculation
| Employees reported to the SBA | 28 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.1M |
| Estimate: the two combined (geometric mean) | $7.8M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $1.9M |
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 | $10.1M |
| Multiple for this size and industry | 5.4× |
| Value range | $5.3M – $13.8M |
| Revenue range | $5.1M – $8.9M |
| EBITDA range | $1.2M – $2.1M |
| 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
History & advisors
“For more than 85 years, Loftis & Wetzel Insurance has offered insurance and risk management solutions to protect the assets of individuals, families, farms, and businesses.”
Advisors
- BankingRCB 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
| RCB Bank PPP 2020 | All 1,690 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 | $270K | 28 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Loftis & Wetzel Corporation
Loftis & Wetzel Corporation is an insurance agencies company in Blackwell, Oklahoma, in business since 2002. It is owned by Mike Loftis (Business Owner). Its estimated annual revenue is about $7.8M, with roughly $1.9M of EBITDA. It has about 49 employees. Its estimated business value is $10.1M (likely range $5.3M–$13.8M).
Common questions
- Who owns Loftis & Wetzel Corporation?
- Loftis & Wetzel Corporation is owned by Mike Loftis (Business Owner), according to public sources such as the company's website or filings.
- How much revenue does Loftis & Wetzel Corporation make?
- SeeBITDA estimates Loftis & Wetzel Corporation's annual revenue at about $7.8M (likely between $5.1M and $8.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Loftis & Wetzel Corporation worth?
- About $10.1M, roughly 5.4× its estimated EBITDA of $1.9M, typical for a insurance agencies company its size. Likely range: $5.3M–$13.8M.
- How many employees does Loftis & Wetzel Corporation have?
- About 49, from its 2025 retirement-plan filing.
- When was Loftis & Wetzel Corporation founded?
- Loftis & Wetzel Corporation has been in business since 2002.