Loman Drilling Inc.
How we got $953K
Based on its 6 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
Customers & suppliers
Customers
- Indian Health Service · federal contracts $2.0M
Estimated value over time
▲ 41% 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 |
|---|---|---|
| LOMAN DRILLING INC. this business | $3.5M | — |
| Rentzel Pump Manufacturing Shawnee | $5.8M | 4.4 mi |
| CLM CONSTRUCTION LLC Shawnee · 19 employees | $8.6M | 7.6 mi |
| ABERDEEN LAND SERVICES, LLC. Shawnee · 4 employees | $2.9M | 8.9 mi |
| JOSEPH BROTHERS PIPELINE LLC Shawnee · 39 employees | $16.3M | 11.9 mi |
| GOLIATH ENERGY SERVICES LLC Meeker · 1 employees | $654K | 12.7 mi |
| MCKEE UTILITY CONTRACTORS, INC. Prague · 124 employees | $76.8M | 13.5 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.0M |
| Estimate: the two combined (geometric mean) | $3.5M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $414K |
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 | $953K |
| Multiple for this size and industry | 2.3× |
| Value range | $501K – $1.3M |
| Revenue range | $2.3M – $3.9M |
| EBITDA range | $272K – $472K |
| Industry (NAICS) | Water and Sewer Line and Related Structures Construction (237110) |
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
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $93K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Loman Drilling Inc.
Loman Drilling Inc. is a water and sewer line and related structures construction company in Shawnee, Oklahoma, in business since 1999. Its estimated annual revenue is about $3.5M, with roughly $414K of EBITDA. It has about 6 employees. Its estimated business value is $953K (likely range $501K–$1.3M).
Common questions
- Who owns Loman Drilling Inc.?
- The owner of Loman Drilling 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 Loman Drilling Inc. make?
- SeeBITDA estimates Loman Drilling Inc.'s annual revenue at about $3.5M (likely between $2.3M and $3.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Loman Drilling Inc. worth?
- About $953K, roughly 2.3× its estimated EBITDA of $414K, typical for a water and sewer line and related structures construction company its size. Likely range: $501K–$1.3M.
- How many employees does Loman Drilling Inc. have?
- About 6, as reported on its PPP loan.
- When was Loman Drilling Inc. founded?
- Loman Drilling Inc. has been in business since 1999.