T&t Forklift Service, Inc.
How we got $6.2M
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 9% 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 |
|---|---|---|
| T&T FORKLIFT SERVICE, INC. this business | $6.2M | — |
| T & T FORKLIFT SERVICES INC. Lindsay · 18 employees | $7.0M | 0.0 mi |
| DANIEL BECK WELDING AND CONSTRUCTION LLC Lindsay · 22 employees | $13.5M | 0.3 mi |
| MIKES ENGINE SERVICE, INC. Lindsay · 2 employees | $997K | 0.5 mi |
| BUSSARD CONSULTING, LLC Lindsay · 1 employees | $536K | 0.7 mi |
| Baker Hughes Lindsay | $14.8M | 0.8 mi |
| STREAMLINE OIL AND GAS, INC Lindsay · 7 employees | $3.1M | 0.9 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.0M |
| Estimate: the two combined (geometric mean) | $6.2M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.7M |
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 | $6.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.3M – $8.5M |
| Revenue range | $4.1M – $7.1M |
| EBITDA range | $1.1M – $2.0M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingThe First National Bank of LindsayPPP / 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
| The First National Bank of Lindsay PPP 2020 | All 58 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $215K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About T&t Forklift Service, Inc.
T&t Forklift Service, Inc. is an oil & gas company in Lindsay, Oklahoma, in business since 1998. It is owned by Holli Spivey (Officer). Its estimated annual revenue is about $6.2M, with roughly $1.7M of EBITDA. It has about 12 employees. Its estimated business value is $6.2M (likely range $3.3M–$8.5M).
Common questions
- Who owns T&t Forklift Service, Inc.?
- T&t Forklift Service, Inc. is owned by Holli Spivey (Officer), according to public sources such as the company's website or filings.
- How much revenue does T&t Forklift Service, Inc. make?
- SeeBITDA estimates T&t Forklift Service, Inc.'s annual revenue at about $6.2M (likely between $4.1M and $7.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is T&t Forklift Service, Inc. worth?
- About $6.2M, roughly 3.6× its estimated EBITDA of $1.7M, typical for a oil & gas company its size. Likely range: $3.3M–$8.5M.
- How many employees does T&t Forklift Service, Inc. have?
- About 12, as reported on its PPP loan.
- When was T&t Forklift Service, Inc. founded?
- T&t Forklift Service, Inc. has been in business since 1998.