Neely Insurance Agency, Inc
How we got $7.0M
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 15 years (since 2011)
From public records and the company's website, not a statement that it's for sale.
What they do
Neely Insurance Agency is an independent insurance agency in Claremore, OK, offering personal, business, life, health and financial services. It states it works for its customers rather than an insurance company, and it has been in business since 1951.
From the company's website. Industry: Direct Property and Casualty Insurance Carriers.
Customers & suppliers
Customers
- Spirits of 66 · named on its website
Estimated value over time
▲ 27% 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 |
|---|---|---|
| NEELY INSURANCE AGENCY, INC this business | $5.8M | — |
| TERRY WASHBURN INSURANCE AGENCY, INCORPORATED Claremore · 1 employees | $968K | 0.6 mi |
| POWERSPORTS CONSULTING SOLUTIONS Claremore · 13 employees | $10.2M | 1.7 mi |
| IAGENT TCB LLC Claremore · 2 employees | $3.6M | 9.2 mi |
| OKLAHOMA GROUP BENEFITS Owasso · 2 employees | $3.1M | 9.5 mi |
| BRAD SIEGENTHALER AGENCY, INC. Catoosa · 3 employees | $1.8M | 11.7 mi |
| DONNIE CHASTEEN AGENCY LLC Inola · 2 employees | $1.1M | 12.6 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.5M |
| Estimate: the two combined (geometric mean) | $5.8M |
| EBITDA margin (industry, adjusted for size) | 27% |
| EBITDA = revenue × margin | $1.6M |
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 | $7.0M |
| Multiple for this size and industry | 4.5× |
| Value range | $3.7M – $9.6M |
| Revenue range | $3.8M – $6.6M |
| EBITDA range | $1.0M – $1.8M |
| Industry (NAICS) | Direct Property and Casualty Insurance Carriers (524126) |
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
- 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 | $63K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Neely Insurance Agency, Inc
Neely Insurance Agency, Inc is a direct property and casualty insurance carriers company in Claremore, Oklahoma, in business since 2011. It is owned by Stephen Neely (Agency Owner). Its estimated annual revenue is about $5.8M, with roughly $1.6M of EBITDA. It has about 9 employees. Its estimated business value is $7.0M (likely range $3.7M–$9.6M).
Common questions
- Who owns Neely Insurance Agency, Inc?
- Neely Insurance Agency, Inc is owned by Stephen Neely (Agency Owner), according to public sources such as the company's website or filings.
- How much revenue does Neely Insurance Agency, Inc make?
- SeeBITDA estimates Neely Insurance Agency, Inc's annual revenue at about $5.8M (likely between $3.8M and $6.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Neely Insurance Agency, Inc worth?
- About $7.0M, roughly 4.5× its estimated EBITDA of $1.6M, typical for a direct property and casualty insurance carriers company its size. Likely range: $3.7M–$9.6M.
- How many employees does Neely Insurance Agency, Inc have?
- About 9, as reported on its PPP loan.
- When was Neely Insurance Agency, Inc founded?
- Neely Insurance Agency, Inc has been in business since 2011.