New Century Abstract
How we got $591K
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 34% 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.
Employees over time
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 5 | $767K |
| 2021 | Form 5500 | 8 | $1.2M |
| 2022 | Form 5500 | 10 | $1.5M |
| 2023 | Form 5500 | 5 | $767K |
| 2024 | Form 5500 | 5 | $767K |
| 2025 | Form 5500 | 5 | $767K |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 50% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
New Century Abstract provides abstracting, title insurance and real estate closing services, using digital records and online closing, for residents of McCurtain County and Realtors working with them.
From the company's website. Industry: Law firms.
Customers & suppliers
Suppliers & brands
- Fidelity National Title Insurance Company · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NEW CENTURY ABSTRACT this business | $1.3M | — |
| BRIAN SHIPP, INC. Idabel · 4 employees | $1.1M | 0.7 mi |
| Perfect Legal Pleadings Idabel | $948K | 0.8 mi |
| Le Force & Mc Combs Pc Idabel | $948K | 0.8 mi |
| TIM T. RAGLAND, ATTORNEY AT LAW, PLLC Idabel · 3 employees | $778K | 0.8 mi |
| SOUTHERN ABSTRACT AND TITLE COMPANY Idabel · 11 employees | $2.5M | 0.8 mi |
| Blocker Law PLLC Idabel | $948K | 0.8 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $909K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.3M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $257K |
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 | $591K |
| Multiple for this size and industry | 2.3× |
| Value range | $311K – $809K |
| Revenue range | $852K – $1.5M |
| EBITDA range | $169K – $293K |
| Industry (NAICS) | Title Abstract and Settlement Offices (541191) |
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
“For the past 40 years, residents of McCurtain County have had only one choice for their real estate title and closing needs.”
Advisors
- BankingLegend Bank, National AssociationPPP / 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
| Legend Bank, National Association PPP 2020 | All 14 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $55K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About New Century Abstract
New Century Abstract is a law firms company in Idabel, Oklahoma, in business since 2019. Its estimated annual revenue is about $1.3M, with roughly $257K of EBITDA. It has about 5 employees. Its estimated business value is $591K (likely range $311K–$809K).
Common questions
- Who owns New Century Abstract?
- The owner of New Century Abstract 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 New Century Abstract make?
- SeeBITDA estimates New Century Abstract's annual revenue at about $1.3M (likely between $852K and $1.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is New Century Abstract worth?
- About $591K, roughly 2.3× its estimated EBITDA of $257K, typical for a law firms company its size. Likely range: $311K–$809K.
- How many employees does New Century Abstract have?
- About 5, from its 2025 retirement-plan filing.
- When was New Century Abstract founded?
- New Century Abstract has been in business since 2019.