Tortoise Inc
How we got $255K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 38% 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 |
|---|---|---|
| TORTOISE INC this business | $760K | — |
| TRIPLE M EXPRESS LLC Tulsa · 1 employees | $784K | 1.3 mi |
| DOWNEY TRUCKING, LLC Sand Springs · 13 employees | $7.0M | 1.7 mi |
| SHIKOBA LLC Tulsa | $932K | 2.2 mi |
| CARTER EXCAVATING INC Tulsa | $932K | 2.3 mi |
| AU SOLUTIONS LLC Tulsa | $932K | 2.3 mi |
| DEDICATED COURIERS INC Tulsa | $932K | 2.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $913K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $487K |
| Estimate: the two combined (geometric mean) | $760K |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $122K |
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 | $255K |
| Multiple for this size and industry | 2.1× |
| Value range | $134K – $349K |
| Revenue range | $500K – $867K |
| EBITDA range | $80K – $139K |
| Industry (NAICS) | General Freight Trucking, Long-Distance, Truckload (484121) |
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
- BankingTriad Bank, National Association, Cross River 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 Roles are as stated there and may be out of date.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
| Cross River Bank PPP 2021 | All 589 borrowers → |
| Triad Bank, National Association PPP 2020 | All 138 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 | $9K | 2 |
| 2/6/2021 | second | $10K | 2 |
About Tortoise Inc
Tortoise Inc is a general freight trucking, long-distance, truckload company in Sand Springs, Oklahoma. Its estimated annual revenue is about $760K, with roughly $122K of EBITDA. It has about 2 employees. Its estimated business value is $255K (likely range $134K–$349K).
Common questions
- Who owns Tortoise Inc?
- The owner of Tortoise 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 Tortoise Inc make?
- SeeBITDA estimates Tortoise Inc's annual revenue at about $760K (likely between $500K and $867K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tortoise Inc worth?
- About $255K, roughly 2.1× its estimated EBITDA of $122K, typical for a general freight trucking, long-distance, truckload company its size. Likely range: $134K–$349K.
- How many employees does Tortoise Inc have?
- About 2, as reported on its PPP loan.