Testco, Inc
How we got $6.7M
Based on its 15 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 36 years (since 1990)
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 |
|---|---|---|
| TESTCO, INC this business | $6.7M | — |
| JOHN THOMPSON ENTERPRISES, INC Watonga · 18 employees | $5.0M | 0.1 mi |
| G&M CHEMICAL, LLC Watonga · 1 employees | $712K | 1.0 mi |
| BIG JOHNSON TRUCKING AND CONSTRUCTION, LLC Watonga · 1 employees | $557K | 1.1 mi |
| ROTHER PUMPING, INC. Watonga · 3 employees | $1.7M | 1.2 mi |
| CR OILFIELD SERVICES, INC. Watonga · 5 employees | $2.2M | 1.2 mi |
| KCL OILFIELD SERVICES LLC Watonga · 3 employees | $1.7M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.5M |
| Estimate: the two combined (geometric mean) | $6.7M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.9M |
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 | $6.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.5M – $9.2M |
| Revenue range | $4.4M – $7.6M |
| EBITDA range | $1.2M – $2.1M |
| 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
History & advisors
Advisors
- BankingBank 7PPP / 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 Roles are as stated there and may be out of date.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
| Bank 7 PPP 2020, PPP 2021 | All 400 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 | $200K | 15 |
| 3/23/2021 | second | $130K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Testco, Inc
Testco, Inc is an oil & gas company in Watonga, Oklahoma, in business since 1990. Its estimated annual revenue is about $6.7M, with roughly $1.9M of EBITDA. It has about 15 employees. Its estimated business value is $6.7M (likely range $3.5M–$9.2M).
Common questions
- Who owns Testco, Inc?
- The owner of Testco, Inc 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 Testco, Inc make?
- SeeBITDA estimates Testco, Inc's annual revenue at about $6.7M (likely between $4.4M and $7.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Testco, Inc worth?
- About $6.7M, roughly 3.6× its estimated EBITDA of $1.9M, typical for a oil & gas company its size. Likely range: $3.5M–$9.2M.
- How many employees does Testco, Inc have?
- About 15, as reported on its PPP loan.
- When was Testco, Inc founded?
- Testco, Inc has been in business since 1990.