Red River Payroll Inc
How we got $436K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Red River Payroll provides customized payroll solutions for small and midsize businesses, handling payroll processing, multi-state taxes, and payroll tax compliance for businesses from startups to businesses with 50+ employees.
From the company's website. Industry: Accounting & tax.
Estimated value over time
▲ 32% 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 |
|---|---|---|
| RED RIVER PAYROLL INC this business | $647K | — |
| WYATT & COMPANY, INC. Tulsa · 4 employees | $1.1M | 0.2 mi |
| Morrison Tax & Accounting Tulsa | $736K | 0.2 mi |
| OKLAHOMA MEDICAL BILLING INC Tulsa · 20 employees | $3.9M | 0.2 mi |
| Tc Strategies Pllc Tulsa | $736K | 0.2 mi |
| Intentional Accounting Tulsa | $736K | 0.2 mi |
| RDK & ASSOCIATES, INC. Tulsa · 18 employees | $4.6M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $471K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $684K |
| Estimate: the two combined (geometric mean) | $647K |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $150K |
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 | $436K |
| Multiple for this size and industry | 2.9× |
| Value range | $230K – $597K |
| Revenue range | $426K – $738K |
| EBITDA range | $99K – $172K |
| Industry (NAICS) | Payroll Services (541214) |
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
- BankingRegent 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
| Regent Bank PPP 2020 | All 726 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 | $32K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Red River Payroll Inc
Red River Payroll Inc is an accounting & tax company in Tulsa, Oklahoma, in business since 2018. It is owned by Steve Hobbs (Chief Executive Officer). Its estimated annual revenue is about $647K, with roughly $150K of EBITDA. It has about 2 employees. Its estimated business value is $436K (likely range $230K–$597K).
Common questions
- Who owns Red River Payroll Inc?
- Red River Payroll Inc is owned by Steve Hobbs (Chief Executive Officer), according to public sources such as the company's website or filings.
- How much revenue does Red River Payroll Inc make?
- SeeBITDA estimates Red River Payroll Inc's annual revenue at about $647K (likely between $426K and $738K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Red River Payroll Inc worth?
- About $436K, roughly 2.9× its estimated EBITDA of $150K, typical for a accounting & tax company its size. Likely range: $230K–$597K.
- How many employees does Red River Payroll Inc have?
- About 2, as reported on its PPP loan.
- When was Red River Payroll Inc founded?
- Red River Payroll Inc has been in business since 2018.