Summit Insurance Services, LLC
How we got $428K
Based on its 1 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Summit Insurance Services is an insurance agency offering business, personal and life insurance policies, with a stated tagline of 'Insurance You Can Trust'. The pages do not state a clear customer base beyond individuals and business owners.
From the company's website. Industry: Insurance agencies.
Estimated value over time
▲ 30% 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 |
|---|---|---|
| SUMMIT INSURANCE SERVICES, LLC this business | $371K | — |
| Ada Jones Moore | $806K | 0.3 mi |
| Justin Greenfield - 715 SE 12th St Moore | $806K | 0.7 mi |
| GREENFIELD INSURANCE INC Oklahoma City · 2 employees | $302K | 0.7 mi |
| Jim Evans - State Farm Moore | $806K | 0.9 mi |
| SCOTT TABARES INSURANCE AGENCY INC Moore · 5 employees | $956K | 1.0 mi |
| Unity Insurance Partners Moore | $806K | 1.0 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $208K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $511K |
| Estimate: the two combined (geometric mean) | $371K |
| EBITDA margin (industry, adjusted for size) | 38% |
| EBITDA = revenue × margin | $143K |
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 | $428K |
| Multiple for this size and industry | 3× |
| Value range | $225K – $586K |
| Revenue range | $244K – $424K |
| EBITDA range | $94K – $163K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
People & advisors
Advisors
- BankingConnecticut Community Bank, National AssociationPPP / 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
| Connecticut Community Bank, National Association PPP 2020 | All 3 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $17K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Summit Insurance Services, LLC
Summit Insurance Services, LLC is an insurance agencies company in Moore, Oklahoma, in business since 2023. Its estimated annual revenue is about $371K, with roughly $143K of EBITDA. It has about 1 employees. Its estimated business value is $428K (likely range $225K–$586K).
Common questions
- Who owns Summit Insurance Services, LLC?
- The owner of Summit Insurance Services, 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 Summit Insurance Services, LLC make?
- SeeBITDA estimates Summit Insurance Services, LLC's annual revenue at about $371K (likely between $244K and $424K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Summit Insurance Services, LLC worth?
- About $428K, roughly 3× its estimated EBITDA of $143K, typical for a insurance agencies company its size. Likely range: $225K–$586K.
- How many employees does Summit Insurance Services, LLC have?
- About 1, as reported on its PPP loan.
- When was Summit Insurance Services, LLC founded?
- Summit Insurance Services, LLC has been in business since 2023.