United Safety & Claims, Inc.
How we got $17.1M
Based on its 19 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 63% 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.
Employees over time
▼ 5% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 19 | $6.1M |
| 2020 | Form 5500 | 16 | $5.1M |
| 2021 | Form 5500 | 17 | $5.5M |
| 2022 | Form 5500 | 13 | $4.2M |
| 2023 | Form 5500 | 17 | $5.5M |
| 2024 | Form 5500 | 18 | $5.8M |
| 2025 | Form 5500 | 18 | $5.8M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
What we know
Signs of a sale Some signs of a sale
- In business 30 years (since 1996)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| UNITED SAFETY & CLAIMS, INC. this business | $10.9M | — |
| State Farm Tulsa | $815K | 0.2 mi |
| Michael Nelson - State Farm Insurance Agent Tulsa | $815K | 0.2 mi |
| PINION ENTERPRISES INC. Tulsa | $777K | 0.4 mi |
| The Insurance Spot Tulsa | $815K | 0.5 mi |
| Mark N Cunningham - 8169 E 41st St Tulsa | $815K | 0.6 mi |
| Farmers Insurance - Mark Cunningham Tulsa | $815K | 0.6 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $9.0M |
| Estimate: the two combined (geometric mean) | $10.9M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.6M |
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 | $17.1M |
| Multiple for this size and industry | 6.6× |
| Value range | $9.0M – $23.4M |
| Revenue range | $7.2M – $12.4M |
| EBITDA range | $1.7M – $3.0M |
| Industry (NAICS) | Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292) |
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 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
| 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 |
|---|---|---|---|
| 4/6/2020 | first | $220K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About United Safety & Claims, Inc.
United Safety & Claims, Inc. is an insurance agencies company in Tulsa, Oklahoma, in business since 1996. It is owned by Brad Smallwood (Founder, Owner, and President). Its estimated annual revenue is about $10.9M, with roughly $2.6M of EBITDA. It has about 18 employees. Its estimated business value is $17.1M (likely range $9.0M–$23.4M).
Common questions
- Who owns United Safety & Claims, Inc.?
- United Safety & Claims, Inc. is owned by Brad Smallwood (Founder, Owner, and President), according to public sources such as the company's website or filings.
- How much revenue does United Safety & Claims, Inc. make?
- SeeBITDA estimates United Safety & Claims, Inc.'s annual revenue at about $10.9M (likely between $7.2M and $12.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is United Safety & Claims, Inc. worth?
- About $17.1M, roughly 6.6× its estimated EBITDA of $2.6M, typical for a insurance agencies company its size. Likely range: $9.0M–$23.4M.
- How many employees does United Safety & Claims, Inc. have?
- About 18, from its 2025 retirement-plan filing.
- When was United Safety & Claims, Inc. founded?
- United Safety & Claims, Inc. has been in business since 1996.