Upward Assets LLC
How we got $901K
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Upward Assets is an Oklahoma City IT asset disposition company that buys, appraises, logistically handles, wipes or destroys, and documents retired IT equipment for organizations nationwide.
From the company's website. Industry: IT & software.
Customers & suppliers
Customers
- Talladega County Schools · named on its website
Suppliers & brands
- Phonecheck · brand it sells or installs
- MacCheck · brand it sells or installs
- WipeOS · brand it sells or installs
- BitRaser · brand it sells or installs
- Extreme Protocol Solutions · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- OKLAHOMA BAPTIST UNIVERSITY · Shawnee, 35 mi · $76.0M
- SOUTHERN NAZARENE UNIVERSITY · Bethany, 7 mi · $72.1M
- OKLAHOMA CHRISTIAN UNIVERSITY, INC. - NONPROFIT (NO BUSINESS · Oklahoma City, 5 mi · $66.8M
- SANTA FE SOUTH SCHOOLS, INC. · Oklahoma City, 9 mi · $58.3M
- DOVE SCHOOLS INC. · Oklahoma City, 1 mi · $44.0M
Estimated value over time
▲ 18% 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 |
|---|---|---|
| UPWARD ASSETS LLC this business | $1.3M | — |
| SOLUTIONS-101 LLC Oklahoma City · 7 employees | $2.6M | 0.2 mi |
| GLOBEONE LLC Oklahoma City · 18 employees | $5.8M | 0.7 mi |
| PRAGMA RESOURCES, LLC Oklahoma City · 1 employees | $443K | 0.8 mi |
| E. B. ARCHBALD & ASSOCIATES, INC. Oklahoma City · 11 employees | $4.0M | 0.8 mi |
| ADD ON SYSTEMS, LLC Oklahoma City · 22 employees | $7.6M | 0.9 mi |
| SKYLARK AUDIO VIDEO, LLC Oklahoma City · 10 employees | $3.4M | 1.1 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $863K |
| Estimate: the two combined (geometric mean) | $1.3M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $250K |
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 | $901K |
| Multiple for this size and industry | 3.6× |
| Value range | $474K – $1.2M |
| Revenue range | $830K – $1.4M |
| EBITDA range | $165K – $285K |
| Industry (NAICS) | Computer Systems Design Services (541512) |
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
- BankingJPMorgan Chase 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
| JPMorgan Chase Bank, National Association PPP 2020 | All 993 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/1/2020 | first | $25K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Upward Assets LLC
Upward Assets LLC is an it & software company in Oklahoma City, Oklahoma. It is owned by Zachary Watkins (CEO & Founder). Its estimated annual revenue is about $1.3M, with roughly $250K of EBITDA. It has about 4 employees. Its estimated business value is $901K (likely range $474K–$1.2M).
Common questions
- Who owns Upward Assets LLC?
- Upward Assets LLC is owned by Zachary Watkins (CEO & Founder), according to public sources such as the company's website or filings.
- How much revenue does Upward Assets LLC make?
- SeeBITDA estimates Upward Assets LLC's annual revenue at about $1.3M (likely between $830K and $1.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Upward Assets LLC worth?
- About $901K, roughly 3.6× its estimated EBITDA of $250K, typical for a it & software company its size. Likely range: $474K–$1.2M.
- How many employees does Upward Assets LLC have?
- About 4, as reported on its PPP loan.