Northeast Blanco Development Corp
How we got $2.6M
Based on its 1 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 23% since 2021Today'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 |
|---|---|---|
| NORTHEAST BLANCO DEVELOPMENT CORP this business | $2.7M | — |
| MID SOUTH ENERGY HOLDINGS LLC Norman · 1 employees | $4.6M | 0.0 mi |
| J&R ENERGY RESOURCES, LLC Norman · 1 employees | $4.6M | 0.7 mi |
| MOG L.L.C. Norman · 1 employees | $3.2M | 0.8 mi |
| KMV LAND, LLC Norman · 1 employees | $4.1M | 1.3 mi |
| GRAYTON ENERGY, LLC Norman · 2 employees | $7.9M | 1.6 mi |
| ROX EXPLORATION, INC. Norman · 5 employees | $21.0M | 1.9 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $819K |
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 | $2.6M |
| Multiple for this size and industry | 3.2× |
| Value range | $1.4M – $3.6M |
| Revenue range | $1.8M – $3.1M |
| EBITDA range | $539K – $934K |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
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
- BankingArmstrong 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 Roles are as stated there and may be out of date.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
| Armstrong Bank PPP 2021 | All 1,355 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/1/2021 | first | $8K | 1 |
| 4/9/2021 | second | $8K | 1 |
About Northeast Blanco Development Corp
Northeast Blanco Development Corp is a crude petroleum extraction company in Norman, Oklahoma. Its estimated annual revenue is about $2.7M, with roughly $819K of EBITDA. It has about 1 employees. Its estimated business value is $2.6M (likely range $1.4M–$3.6M).
Common questions
- Who owns Northeast Blanco Development Corp?
- The owner of Northeast Blanco Development Corp 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 Northeast Blanco Development Corp make?
- SeeBITDA estimates Northeast Blanco Development Corp's annual revenue at about $2.7M (likely between $1.8M and $3.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Northeast Blanco Development Corp worth?
- About $2.6M, roughly 3.2× its estimated EBITDA of $819K, typical for a crude petroleum extraction company its size. Likely range: $1.4M–$3.6M.
- How many employees does Northeast Blanco Development Corp have?
- About 1, as reported on its PPP loan.