State Finance Co
How we got $45.8M
Based on its 55 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 19% 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 |
|---|---|---|
| STATE FINANCE CO this business | $21.6M | — |
| EMPIRE FINANCE CO. LLC Mcalester · 90 employees | $30.0M | 0.0 mi |
| FURNITURE FINANCE CO LLC Mcalester · 60 employees | $20.3M | 0.0 mi |
| LIBERTY FINANCE CO. Mcalester · 47 employees | $15.7M | 0.0 mi |
| ALL PAWN & SURPLUS, INC. Mcalester · 9 employees | $4.4M | 0.1 mi |
| HARD CASH INC. Eufaula · 6 employees | $4.5M | 26.8 mi |
| BURTON-GIBBS FINANCE, INC. Holdenville · 3 employees | $891K | 33.9 mi |
The full calculation
| Employees reported to the SBA | 55 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.0M |
| Estimate: the two combined (geometric mean) | $21.6M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $7.0M |
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 | $45.8M |
| Multiple for this size and industry | 6.5× |
| Value range | $24.1M – $62.7M |
| Revenue range | $14.2M – $24.6M |
| EBITDA range | $4.6M – $8.0M |
| Industry (NAICS) | Consumer Lending (522291) |
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
- BankingTexas Capital 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 Roles are as stated there and may be out of date.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
| Texas Capital Bank PPP 2020 | All 9 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $445K | 55 |
About State Finance Co
State Finance Co is a consumer lending company in Mcalester, Oklahoma. Its estimated annual revenue is about $21.6M, with roughly $7.0M of EBITDA. It has about 55 employees. Its estimated business value is $45.8M (likely range $24.1M–$62.7M).
Common questions
- Who owns State Finance Co?
- The owner of State Finance Co 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 State Finance Co make?
- SeeBITDA estimates State Finance Co's annual revenue at about $21.6M (likely between $14.2M and $24.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is State Finance Co worth?
- About $45.8M, roughly 6.5× its estimated EBITDA of $7.0M, typical for a consumer lending company its size. Likely range: $24.1M–$62.7M.
- How many employees does State Finance Co have?
- About 55, as reported on its PPP loan.