Rick Newby Insurance Inc
How we got $1.7M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| RICK NEWBY INSURANCE INC this business | $1.4M | — |
| BRAD WITHERSPOON AGENCY Midwest City · 3 employees | $609K | 0.0 mi |
| Barbs the Insurance lady Midwest City | $1.6M | 0.1 mi |
| Farmers Insurance - Kent Wheeler Oklahoma City | $806K | 0.1 mi |
| WHEELER WHITLOCK INSURANCE AGENCY INC Oklahoma City · 6 employees | $1.2M | 0.1 mi |
| FirstPoint Insurance Midwest City | $806K | 0.2 mi |
| Allied Dealer Services Midwest City | $806K | 0.6 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.2M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $459K |
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 | $1.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $870K – $2.3M |
| Revenue range | $921K – $1.6M |
| EBITDA range | $302K – $524K |
| 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
Advisors
- BankingMcClain 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 Roles are as stated there and may be out of date.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
| McClain Bank PPP 2020 | All 127 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 | $53K | 7 |
About Rick Newby Insurance Inc
Rick Newby Insurance Inc is an insurance agencies company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $1.4M, with roughly $459K of EBITDA. It has about 7 employees. Its estimated business value is $1.7M (likely range $870K–$2.3M).
Common questions
- Who owns Rick Newby Insurance Inc?
- The owner of Rick Newby Insurance 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 Rick Newby Insurance Inc make?
- SeeBITDA estimates Rick Newby Insurance Inc's annual revenue at about $1.4M (likely between $921K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rick Newby Insurance Inc worth?
- About $1.7M, roughly 3.6× its estimated EBITDA of $459K, typical for a insurance agencies company its size. Likely range: $870K–$2.3M.
- How many employees does Rick Newby Insurance Inc have?
- About 7, as reported on its PPP loan.