Lyle Nickel Insurance Inc.
How we got $1.0M
Based on its 3 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 25% since 2021Today'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 |
|---|---|---|
| LYLE NICKEL INSURANCE INC. this business | $888K | — |
| AAA Enid - Insurance/Membership Only Enid | $806K | 0.0 mi |
| MESSER-BOWERS COMPANY Enid · 55 employees | $17.4M | 0.3 mi |
| Hometown Insurance Manning Agency Enid | $806K | 0.4 mi |
| Farmers Insurance - Brandon Adams Enid | $806K | 0.4 mi |
| ANDREW RITCHIE INSURANCE AGENCY LLC Enid · 6 employees | $895K | 0.4 mi |
| Mason Insurance Group Enid | $806K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $623K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $974K |
| Estimate: the two combined (geometric mean) | $888K |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $291K |
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 | $1.0M |
| Multiple for this size and industry | 3.6× |
| Value range | $552K – $1.4M |
| Revenue range | $584K – $1.0M |
| EBITDA range | $192K – $332K |
| 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
Advisors
- BankingNortheast Bank, Live Oak Banking CompanyPPP / 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 Roles are as stated there and may be out of date.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
| Live Oak Banking Company 7(a) 2020, 7(a) 2022 | All 75 borrowers → |
| Northeast Bank PPP 2021 | All 77 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/9/2021 | first | $33K | 3 |
Public records
| Jul 2022 | 7(a) | $885K |
| Apr 2020 | 7(a) | $740K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lyle Nickel Insurance Inc.
Lyle Nickel Insurance Inc. is an insurance agencies company in Enid, Oklahoma. Its estimated annual revenue is about $888K, with roughly $291K of EBITDA. It has about 3 employees. Its estimated business value is $1.0M (likely range $552K–$1.4M).
Common questions
- Who owns Lyle Nickel Insurance Inc.?
- The owner of Lyle Nickel Insurance 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 Lyle Nickel Insurance Inc. make?
- SeeBITDA estimates Lyle Nickel Insurance Inc.'s annual revenue at about $888K (likely between $584K and $1.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lyle Nickel Insurance Inc. worth?
- About $1.0M, roughly 3.6× its estimated EBITDA of $291K, typical for a insurance agencies company its size. Likely range: $552K–$1.4M.
- How many employees does Lyle Nickel Insurance Inc. have?
- About 3, as reported on its PPP loan.