Prairie States Insurance Agency Inc
How we got $740K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 38 years (since 1988)
From public records and the company's website, not a statement that it's for sale.
What they do
Prairie States Insurance Agency Inc. is an insurance agency that has been trusted since 1988, according to its homepage.
From the company's website. Industry: Insurance agencies.
Estimated value over time
▲ 30% 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 |
|---|---|---|
| PRAIRIE STATES INSURANCE AGENCY INC this business | $752K | — |
| INSURICA Oklahoma City | $806K | 0.1 mi |
| J & S Premium Budget Plan Oklahoma City | $806K | 0.1 mi |
| CPC Insurance Oklahoma City | $806K | 0.1 mi |
| Commercial Insurance Services Oklahoma City | $806K | 0.1 mi |
| Farmers Insurance - Angila Jeffries Oklahoma City | $1.6M | 0.1 mi |
| Met Life Oklahoma City | $806K | 0.3 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $623K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $699K |
| Estimate: the two combined (geometric mean) | $752K |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $247K |
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 | $740K |
| Multiple for this size and industry | 3× |
| Value range | $390K – $1.0M |
| Revenue range | $495K – $858K |
| EBITDA range | $162K – $281K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
“Established in 1988, Prairie States Insurance is a full service animal and farm/ranch insurance agency.”
Leadership
- PJPatty JacksonCustomer Service Rep · Company website · source
- LDLaci DevereauxCustomer Service Rep · Company website · source
Advisors
- BankingBank of America, 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
| Bank of America, National Association PPP 2020 | All 1,034 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/3/2020 | first | $24K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Prairie States Insurance Agency Inc
Prairie States Insurance Agency Inc is an insurance agencies company in Oklahoma City, Oklahoma, in business since 1988. Its estimated annual revenue is about $752K, with roughly $247K of EBITDA. It has about 3 employees. Its estimated business value is $740K (likely range $390K–$1.0M).
Common questions
- Who owns Prairie States Insurance Agency Inc?
- The owner of Prairie States Insurance Agency 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 Prairie States Insurance Agency Inc make?
- SeeBITDA estimates Prairie States Insurance Agency Inc's annual revenue at about $752K (likely between $495K and $858K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Prairie States Insurance Agency Inc worth?
- About $740K, roughly 3× its estimated EBITDA of $247K, typical for a insurance agencies company its size. Likely range: $390K–$1.0M.
- How many employees does Prairie States Insurance Agency Inc have?
- About 3, as reported on its PPP loan.
- When was Prairie States Insurance Agency Inc founded?
- Prairie States Insurance Agency Inc has been in business since 1988.