Progressive Industries Inc.
How we got $530K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 50% 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.
What we know
Signs of a sale Some signs of a sale
- In business 26 years (since 2000)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PROGRESSIVE INDUSTRIES INC. this business | $2.2M | — |
| CORNERSTONE GRANITE AND CABINET LLC Oklahoma City · 6 employees | $4.3M | 0.6 mi |
| Phoenix Hardwood & Plywood Oklahoma City | $3.3M | 0.7 mi |
| CROSSROADS ROOFING & SUPPLY INC Oklahoma City · 47 employees | $24.4M | 3.2 mi |
| Stratus Surfaces - Oklahoma City Oklahoma City | $651K | 4.1 mi |
| Gulfeagle Supply Oklahoma City | $3.0M | 4.4 mi |
| THE LUMBER SHED Oklahoma City · 15 employees | $8.1M | 4.8 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.6M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $221K |
Calibrated: revenue lowered to 41% of the industry-average estimate, to match what businesses in this industry actually report.
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 | $530K |
| Multiple for this size and industry | 2.4× |
| Value range | $279K – $725K |
| Revenue range | $1.5M – $2.5M |
| EBITDA range | $145K – $252K |
| Industry (NAICS) | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (423310) |
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
Advisors
- BankingSovereign 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
| Sovereign Bank PPP 2020 | All 304 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 | $23K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Progressive Industries Inc.
Progressive Industries Inc. is a lumber, plywood, millwork, and wood panel merchant wholesalers company in Oklahoma City, Oklahoma, in business since 2000. Its estimated annual revenue is about $2.2M, with roughly $221K of EBITDA. It has about 3 employees. Its estimated business value is $530K (likely range $279K–$725K).
Common questions
- Who owns Progressive Industries Inc.?
- The owner of Progressive Industries 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 Progressive Industries Inc. make?
- SeeBITDA estimates Progressive Industries Inc.'s annual revenue at about $2.2M (likely between $1.5M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Progressive Industries Inc. worth?
- About $530K, roughly 2.4× its estimated EBITDA of $221K, typical for a lumber, plywood, millwork, and wood panel merchant wholesalers company its size. Likely range: $279K–$725K.
- How many employees does Progressive Industries Inc. have?
- About 3, as reported on its PPP loan.
- When was Progressive Industries Inc. founded?
- Progressive Industries Inc. has been in business since 2000.