Tsc Source Incorporated
How we got $21.4M
Based on 93 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
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 |
|---|---|---|
| TSC SOURCE INCORPORATED this business | $112.1M | — |
| INTERLINK SOLUTIONS INCORPORATED Moore · 14 employees | $12.1M | 0.0 mi |
| OK BEAUTY LLC Moore · 18 employees | $13.2M | 1.8 mi |
| CARDS N' SUCH, INC Oklahoma City · 8 employees | $8.5M | 2.6 mi |
| McLane Company, Inc. Oklahoma City | $9.6M | 2.6 mi |
| L & K MEDCIAL INC Oklahoma City · 1 employees | $1.2M | 4.3 mi |
| SRWT STATE SUPPLY, INC Oklahoma City · 1 employees | $1.2M | 5.6 mi |
The full calculation
| Employees reported to the SBA | 93 |
| Industry revenue per employee | $719K |
| Revenue = employees × revenue per employee | $112.1M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $4.1M |
| Cross-check: revenue implied by PPP payroll | $21.8M |
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 | $21.4M |
| Multiple for this size and industry | 5.2× |
| Value range | $10.1M – $30.4M |
| Revenue range | $66.3M – $132.7M |
| EBITDA range | $2.4M – $4.9M |
| Industry (NAICS) | Other Miscellaneous Nondurable Goods Merchant Wholesalers (424990) |
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. 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
- BankingFirst United Bank and Trust CompanyPPP / 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 Roles are as stated there and may be out of date.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
| First United Bank and Trust Company PPP 2020, PPP 2021 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $243K | 93 |
| 1/31/2021 | second | $210K | 89 |
About Tsc Source Incorporated
Tsc Source Incorporated is an other miscellaneous nondurable goods merchant wholesalers company in Moore, Oklahoma. Its estimated annual revenue is about $112.1M, with roughly $4.1M of EBITDA. It has about 93 employees. Its estimated business value is $21.4M (likely range $10.1M–$30.4M).
Common questions
- Who owns Tsc Source Incorporated?
- The owner of Tsc Source Incorporated 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 Tsc Source Incorporated make?
- SeeBITDA estimates Tsc Source Incorporated's annual revenue at about $112.1M (likely between $66.3M and $132.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tsc Source Incorporated worth?
- About $21.4M, roughly 5.2× its estimated EBITDA of $4.1M, typical for a other miscellaneous nondurable goods merchant wholesalers company its size. Likely range: $10.1M–$30.4M.
- How many employees does Tsc Source Incorporated have?
- About 93, as reported on its PPP loan.