Midwest Technology, Inc.
How we got $359K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Midwest Technology is a veteran owned small business in Mounds, Oklahoma that provides wireless internet service, VoIP, and video surveillance to homes and businesses. It says it has over 25 years of experience in the video and electronic surveillance market.
From the company's website. Industry: Law firms.
Estimated value over time
▲ 26% 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 |
|---|---|---|
| MIDWEST TECHNOLOGY, INC. this business | $953K | — |
| DENELDA L RICHARDSON PLLC Jenks · 1 employees | $467K | 8.5 mi |
| W.C. 'BILL' SELLERS, INC., A PROFESSIONAL CORPORATION Sapulpa · 2 employees | $473K | 8.7 mi |
| Stinnett Law Sapulpa | $943K | 8.8 mi |
| Cook and Thompson Lawyers Sapulpa | $943K | 8.8 mi |
| Keri D. Palacios Law Sapulpa | $943K | 8.8 mi |
| Abc Bail Bonds Sapulpa | $943K | 8.8 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $922K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $757K |
| Estimate: the two combined (geometric mean) | $953K |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $189K |
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 | $359K |
| Multiple for this size and industry | 1.9× |
| Value range | $189K – $491K |
| Revenue range | $627K – $1.1M |
| EBITDA range | $124K – $215K |
| Industry (NAICS) | Offices of Lawyers (541110) |
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. 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
- BankingEquity 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
| Equity Bank PPP 2020 | All 375 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $29K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Midwest Technology, Inc.
Midwest Technology, Inc. is a law firms company in Mounds, Oklahoma, in business since 2012. It is owned by Jon Harden (CEO). Its estimated annual revenue is about $953K, with roughly $189K of EBITDA. It has about 3 employees. Its estimated business value is $359K (likely range $189K–$491K).
Common questions
- Who owns Midwest Technology, Inc.?
- Midwest Technology, Inc. is owned by Jon Harden (CEO), according to public sources such as the company's website or filings.
- How much revenue does Midwest Technology, Inc. make?
- SeeBITDA estimates Midwest Technology, Inc.'s annual revenue at about $953K (likely between $627K and $1.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Midwest Technology, Inc. worth?
- About $359K, roughly 1.9× its estimated EBITDA of $189K, typical for a law firms company its size. Likely range: $189K–$491K.
- How many employees does Midwest Technology, Inc. have?
- About 3, as reported on its PPP loan.
- When was Midwest Technology, Inc. founded?
- Midwest Technology, Inc. has been in business since 2012.