National Transportation Fleet Services, Inc
How we got $23.1M
Based on its 20 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| NATIONAL TRANSPORTATION FLEET SERVICES, INC this business | $65.0M | — |
| NATIONAL BUS SALES INC Tulsa · 44 employees | $164.4M | 0.0 mi |
| AFFINITY AUTO INC Tulsa · 4 employees | $19.4M | 7.2 mi |
| IAUTO ENTERPRISES LTD. Tulsa · 1 employees | $3.9M | 9.1 mi |
| CIMARRON AUTO SALES LLC Tulsa · 1 employees | $4.8M | 10.1 mi |
| ORION'S MOTORS LLC Tulsa · 1 employees | $5.5M | 10.5 mi |
| GAB MOTORS LLC Bixby · 2 employees | $8.8M | 10.9 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $81.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $39.7M |
| Estimate: the two combined (geometric mean) | $65.0M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $4.5M |
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 | $23.1M |
| Multiple for this size and industry | 5.2× |
| Value range | $12.2M – $31.7M |
| Revenue range | $42.7M – $74.1M |
| EBITDA range | $2.9M – $5.1M |
| Industry (NAICS) | Automobile and other motor vehicle merchant wholesalers (423110) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingFirst Oklahoma 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 Roles are as stated there and may be out of date.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
| First Oklahoma Bank PPP 2020, PPP 2021 | All 695 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 | $147K | 20 |
| 2/24/2021 | second | $113K | 14 |
About National Transportation Fleet Services, Inc
National Transportation Fleet Services, Inc is an automobile and other motor vehicle merchant wholesalers company in Tulsa, Oklahoma. Its estimated annual revenue is about $65.0M, with roughly $4.5M of EBITDA. It has about 20 employees. Its estimated business value is $23.1M (likely range $12.2M–$31.7M).
Common questions
- Who owns National Transportation Fleet Services, Inc?
- The owner of National Transportation Fleet Services, 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 National Transportation Fleet Services, Inc make?
- SeeBITDA estimates National Transportation Fleet Services, Inc's annual revenue at about $65.0M (likely between $42.7M and $74.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is National Transportation Fleet Services, Inc worth?
- About $23.1M, roughly 5.2× its estimated EBITDA of $4.5M, typical for a automobile and other motor vehicle merchant wholesalers company its size. Likely range: $12.2M–$31.7M.
- How many employees does National Transportation Fleet Services, Inc have?
- About 20, as reported on its PPP loan.