Spencer Blasting & Drilling Co., LLC
How we got $339K
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 34% 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 |
|---|---|---|
| SPENCER BLASTING & DRILLING CO., LLC this business | $1.4M | — |
| ROGERS HEATING AND AIR INC Tahlequah · 1 employees | $429K | 4.1 mi |
| JERRY'S EXCAVATION INC Hulbert · 11 employees | $4.9M | 5.9 mi |
| TAYLOR CONSTRUCTION LLC Tahlequah · 6 employees | $3.0M | 7.3 mi |
| ARMSTRONG CONSTRUCTION LLC Tahlequah · 1 employees | $413K | 8.4 mi |
| STAUSS & STAUSS INC Tahlequah · 5 employees | $1.9M | 9.4 mi |
| NATHAN LIMORE CONSTRUCTION Tahlequah · 4 employees | $1.2M | 9.4 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $823K |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $178K |
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 | $339K |
| Multiple for this size and industry | 1.9× |
| Value range | $178K – $464K |
| Revenue range | $914K – $1.6M |
| EBITDA range | $117K – $203K |
| Industry (NAICS) | Site Preparation Contractors (238910) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
History & advisors
Advisors
- BankingArvest 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 Roles are as stated there and may be out of date.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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $25K | 6 |
| 4/21/2021 | second | $26K | 6 |
About Spencer Blasting & Drilling Co., LLC
Spencer Blasting & Drilling Co., LLC is an excavation & site work company in Hulbert, Oklahoma. Its estimated annual revenue is about $1.4M, with roughly $178K of EBITDA. It has about 6 employees. Its estimated business value is $339K (likely range $178K–$464K).
Common questions
- Who owns Spencer Blasting & Drilling Co., LLC?
- The owner of Spencer Blasting & Drilling Co., 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 Spencer Blasting & Drilling Co., LLC make?
- SeeBITDA estimates Spencer Blasting & Drilling Co., LLC's annual revenue at about $1.4M (likely between $914K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spencer Blasting & Drilling Co., LLC worth?
- About $339K, roughly 1.9× its estimated EBITDA of $178K, typical for a excavation & site work company its size. Likely range: $178K–$464K.
- How many employees does Spencer Blasting & Drilling Co., LLC have?
- About 6, as reported on its PPP loan.