Shoulders International Inc
How we got $719K
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
▲ 4% 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 |
|---|---|---|
| SHOULDERS INTERNATIONAL INC this business | $2.4M | — |
| WINTERHAWK PIPELINE SERVICES, LLC Tulsa · 4 employees | $2.2M | 0.3 mi |
| TULSA UTILITY CONTRACTOR INC Tulsa · 5 employees | $1.8M | 0.7 mi |
| REDD RIDGE CONSULTING LLC Tulsa · 11 employees | $6.6M | 3.7 mi |
| INSULATION SPECIALISTS OF TULSA INC Tulsa | $346.3M | 4.3 mi |
| CLEARSTONE SERVICES LLC Tulsa · 2 employees | $796K | 4.5 mi |
| PRIDE ENERGY COMPANY Tulsa · 10 employees | $3.5M | 5.0 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.7M |
| Estimate: the two combined (geometric mean) | $2.4M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $313K |
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 | $719K |
| Multiple for this size and industry | 2.3× |
| Value range | $378K – $984K |
| Revenue range | $1.6M – $2.7M |
| EBITDA range | $206K – $357K |
| Industry (NAICS) | Oil and Gas Pipeline and Related Structures Construction (237120) |
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
- BankingAVB 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 Roles are as stated there and may be out of date.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
| AVB Bank PPP 2020, PPP 2021 | All 309 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $54K | 7 |
| 1/22/2021 | second | $71K | 7 |
About Shoulders International Inc
Shoulders International Inc is an oil and gas pipeline and related structures construction company in Tulsa, Oklahoma. Its estimated annual revenue is about $2.4M, with roughly $313K of EBITDA. It has about 7 employees. Its estimated business value is $719K (likely range $378K–$984K).
Common questions
- Who owns Shoulders International Inc?
- The owner of Shoulders International 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 Shoulders International Inc make?
- SeeBITDA estimates Shoulders International Inc's annual revenue at about $2.4M (likely between $1.6M and $2.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Shoulders International Inc worth?
- About $719K, roughly 2.3× its estimated EBITDA of $313K, typical for a oil and gas pipeline and related structures construction company its size. Likely range: $378K–$984K.
- How many employees does Shoulders International Inc have?
- About 7, as reported on its PPP loan.