Progressive Machine Tools
How we got $4.5M
Based on its 14 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 26 years (since 2000)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 20% 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 |
|---|---|---|
| PROGRESSIVE MACHINE TOOLS this business | $14.1M | — |
| CANFIELD & JOSEPH, INC. Tulsa · 57 employees | $59.3M | 0.4 mi |
| H*E ENGINEERED EQUIPMENT CO INC. Tulsa · 2 employees | $3.1M | 0.5 mi |
| PLATINUM VENTURES, INC Tulsa · 25 employees | $19.9M | 0.5 mi |
| HARRINGTON ENTERPRISES, INC. Tulsa · 3 employees | $3.3M | 0.7 mi |
| HOLLY MATERIAL HANDLING EQUIPMENT INC Tulsa · 22 employees | $26.6M | 0.7 mi |
| THE CANADA COMPANY, INC. Tulsa · 10 employees | $12.4M | 0.9 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $11.9M |
| Estimate: the two combined (geometric mean) | $14.1M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $1.0M |
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 | $4.5M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.3M – $6.1M |
| Revenue range | $9.3M – $16.1M |
| EBITDA range | $683K – $1.2M |
| Industry (NAICS) | Industrial Supplies Merchant Wholesalers (423840) |
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, PPP 2021 | 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 |
|---|---|---|---|
| 4/11/2020 | first | $151K | 14 |
| 2/10/2021 | second | $151K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Progressive Machine Tools
Progressive Machine Tools is an industrial supplies merchant wholesalers company in Tulsa, Oklahoma, in business since 2000. Its estimated annual revenue is about $14.1M, with roughly $1.0M of EBITDA. It has about 14 employees. Its estimated business value is $4.5M (likely range $2.3M–$6.1M).
Common questions
- Who owns Progressive Machine Tools?
- The owner of Progressive Machine Tools 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 Machine Tools make?
- SeeBITDA estimates Progressive Machine Tools's annual revenue at about $14.1M (likely between $9.3M and $16.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Progressive Machine Tools worth?
- About $4.5M, roughly 4.3× its estimated EBITDA of $1.0M, typical for a industrial supplies merchant wholesalers company its size. Likely range: $2.3M–$6.1M.
- How many employees does Progressive Machine Tools have?
- About 14, as reported on its PPP loan.
- When was Progressive Machine Tools founded?
- Progressive Machine Tools has been in business since 2000.