Modern Coatings LLC
How we got $1.4M
Based on its 11 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Modern Coatings LLC is a coatings business in Oklahoma City with over 22 years of experience, stating that quality is its priority and that it can help with any project.
From the company's website. Industry: Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers.
Estimated value over time
▲ 24% 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 |
|---|---|---|
| MODERN COATINGS LLC this business | $3.1M | — |
| POWDER COATING AMERICA LLC Oklahoma City · 6 employees | $1.3M | 0.1 mi |
| CARGILL HEAT TREAT, LLC. Oklahoma City · 14 employees | $6.5M | 0.7 mi |
| COAT PRO LLC Oklahoma City · 3 employees | $767K | 0.9 mi |
| QUALITY METAL FINISHING, INC Oklahoma City · 27 employees | $5.1M | 1.3 mi |
| Affordable Coating Solutions Oklahoma City | $3.3M | 1.9 mi |
| TOP DOLLAR HOLDINGS, LLC Oklahoma City · 42 employees | $11.7M | 1.9 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.8M |
| Estimate: the two combined (geometric mean) | $3.1M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $441K |
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 | $1.4M |
| Multiple for this size and industry | 3.2× |
| Value range | $742K – $1.9M |
| Revenue range | $2.0M – $3.5M |
| EBITDA range | $290K – $503K |
| Industry (NAICS) | Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers (332812) |
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
“We are a Christian and family based business, serving in the Oklahoma area with more than 22 years of experience.”
Advisors
- BankingJPMorgan Chase Bank, National Association, BancFirstPPP / 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 7(a) 2021 | All 7,048 borrowers → |
| JPMorgan Chase Bank, National Association PPP 2020, PPP 2021 | All 993 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/1/2020 | first | $120K | 11 |
| 2/2/2021 | second | $120K | 8 |
Public records
| Apr 2021 | 7(a) | $361K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Modern Coatings LLC
Modern Coatings LLC is a family-owned metal coating, engraving (except jewelry and silverware), and allied services to manufacturers company in Oklahoma City, Oklahoma, in business since 2016. Its estimated annual revenue is about $3.1M, with roughly $441K of EBITDA. It has about 11 employees. Its estimated business value is $1.4M (likely range $742K–$1.9M).
Common questions
- Who owns Modern Coatings LLC?
- The owner of Modern Coatings LLC 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 Modern Coatings LLC make?
- SeeBITDA estimates Modern Coatings LLC's annual revenue at about $3.1M (likely between $2.0M and $3.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Modern Coatings LLC worth?
- About $1.4M, roughly 3.2× its estimated EBITDA of $441K, typical for a metal coating, engraving (except jewelry and silverware), and allied services to manufacturers company its size. Likely range: $742K–$1.9M.
- How many employees does Modern Coatings LLC have?
- About 11, as reported on its PPP loan.
- When was Modern Coatings LLC founded?
- Modern Coatings LLC has been in business since 2016.