Sooner Coating, LLC
How we got $4.9M
Based on its 13 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 38% 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.
Employees over time
▲ 15% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 13 | $10.1M |
| 2020 | Form 5500 | 12 | $9.3M |
| 2021 | Form 5500 | 12 | $9.3M |
| 2022 | Form 5500 | 12 | $9.3M |
| 2023 | Form 5500 | 13 | $10.1M |
| 2024 | Form 5500 | 14 | $10.9M |
| 2025 | Form 5500 | 15 | $11.6M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SOONER COATING, LLC this business | $9.6M | — |
| LASTER/CASTOR CORPORATION Tulsa · 6 employees | $4.5M | 5.8 mi |
| RESOLUTION POLYMERS LLC Tulsa | $1.6M | 6.7 mi |
| QUALITY STEEL COATINGS CORP. Tulsa · 12 employees | $11.9M | 6.8 mi |
| EATON INDUSTRIAL COATING, LLC Tulsa · 15 employees | $9.8M | 7.0 mi |
| TULSA POWDER COATING, INC Tulsa · 10 employees | $5.7M | 9.2 mi |
| ANCHOR PAINT MFG. CO. INC Tulsa · 60 employees | $43.7M | 11.1 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.0M |
| Estimate: the two combined (geometric mean) | $9.6M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.1M |
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 | $4.9M |
| Multiple for this size and industry | 4.5× |
| Value range | $2.6M – $6.7M |
| Revenue range | $6.3M – $11.0M |
| EBITDA range | $720K – $1.2M |
| Industry (NAICS) | Paint and Coating Manufacturing (325510) |
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. 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
- BankingMabrey 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
| Mabrey Bank PPP 2020, PPP 2021 | All 851 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $137K | 13 |
| 2/2/2021 | second | $122K | 9 |
About Sooner Coating, LLC
Sooner Coating, LLC is a paint and coating manufacturing company in Catoosa, Oklahoma. Its estimated annual revenue is about $9.6M, with roughly $1.1M of EBITDA. It has about 15 employees. Its estimated business value is $4.9M (likely range $2.6M–$6.7M).
Common questions
- Who owns Sooner Coating, LLC?
- The owner of Sooner Coating, LLC 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 Sooner Coating, LLC make?
- SeeBITDA estimates Sooner Coating, LLC's annual revenue at about $9.6M (likely between $6.3M and $11.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Sooner Coating, LLC worth?
- About $4.9M, roughly 4.5× its estimated EBITDA of $1.1M, typical for a paint and coating manufacturing company its size. Likely range: $2.6M–$6.7M.
- How many employees does Sooner Coating, LLC have?
- About 15, from its 2025 retirement-plan filing.