Summit Covenant Church
How we got $5.2M
Based on its 55 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SUMMIT COVENANT CHURCH this business | $5.2M | — |
| FIRST CONGREGATIONAL CHURCH OF NORMAN UCC, INC Norman · 5 employees | $629K | 0.1 mi |
| IGLESIA PUEBLO DE DIOS INC Norman · 1 employees | $241K | 0.2 mi |
| WESTSIDE CHURCH OF CHRIST Norman · 8 employees | $1.5M | 0.4 mi |
| GRACE EVANGELICAL LUTHERAN CHURCH INC Norman · 1 employees | $119K | 1.3 mi |
| MISSION GENERATION, INC. Norman · 3 employees | $777K | 1.3 mi |
| GO CHURCH Norman · 3 employees | $357K | 1.4 mi |
The full calculation
| Employees reported to the SBA | 55 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.8M |
| Estimate: the two combined (geometric mean) | $5.2M |
| EBITDA margin (industry, adjusted for size) | 26% |
| EBITDA = revenue × margin | $1.4M |
Calibrated: revenue lowered to 57% of the industry-average estimate, to match what businesses in this industry actually report.
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.
| Revenue range | $3.4M – $6.0M |
| EBITDA range | $907K – $1.6M |
| Industry (NAICS) | Religious, Grantmaking, Civic, Professional, and Similar Organizations (813110) |
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020 | All 7,048 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 | $146K | 55 |
About Summit Covenant Church
Summit Covenant Church is a churches & nonprofits company in Norman, Oklahoma. Its estimated annual revenue is about $5.2M, with roughly $1.4M of EBITDA. It has about 55 employees.
Common questions
- Who owns Summit Covenant Church?
- The owner of Summit Covenant Church 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 Summit Covenant Church make?
- SeeBITDA estimates Summit Covenant Church's annual revenue at about $5.2M (likely between $3.4M and $6.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- How many employees does Summit Covenant Church have?
- About 55, as reported on its PPP loan.