Vanderveen Insurance Agency Inc
How we got $1.8M
Based on its 6 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 20 years (since 2006)
- Founder still runs it after 20 years
From public records and the company's website, not a statement that it's for sale.
What they do
Jim Vanderveen is a State Farm insurance agent in Tulsa, OK offering auto, homeowners, renters, life and business insurance to individuals and families. The agency also offers banking, investment services and annuities.
From the company's website. Industry: Insurance agencies.
Customers & suppliers
Suppliers & brands
- State Farm · brand it sells or installs
Estimated value over time
▲ 30% 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 |
|---|---|---|
| VANDERVEEN INSURANCE AGENCY INC this business | $1.6M | — |
| Elonda Wicks - State Farm Insurance Agent Tulsa | $806K | 0.0 mi |
| Stacy Sweeten - State Farm Insurance Agent Tulsa | $1.6M | 0.0 mi |
| Shannon Grisham Insurance - Team Grisham Tulsa | $806K | 0.0 mi |
| ALEXANDRA HOLDER FARMERS AGENCY Tulsa · 1 employees | $245K | 0.0 mi |
| State Farm Tulsa | $806K | 0.2 mi |
| Jeannie Glover - State Farm Insurance Agent Tulsa | $806K | 0.2 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.0M |
| Estimate: the two combined (geometric mean) | $1.6M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $488K |
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 | $1.8M |
| Multiple for this size and industry | 3.6× |
| Value range | $924K – $2.4M |
| Revenue range | $1.1M – $1.9M |
| EBITDA range | $321K – $556K |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
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
- BankingProsperity 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
| Prosperity Bank PPP 2020 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/30/2020 | first | $85K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Vanderveen Insurance Agency Inc
Vanderveen Insurance Agency Inc is an insurance agencies company in Tulsa, Oklahoma, in business since 2006. It is owned by Jim Vanderveen (Founder). Its estimated annual revenue is about $1.6M, with roughly $488K of EBITDA. It has about 6 employees. Its estimated business value is $1.8M (likely range $924K–$2.4M).
Common questions
- Who owns Vanderveen Insurance Agency Inc?
- Vanderveen Insurance Agency Inc is owned by Jim Vanderveen (Founder), according to public sources such as the company's website or filings.
- How much revenue does Vanderveen Insurance Agency Inc make?
- SeeBITDA estimates Vanderveen Insurance Agency Inc's annual revenue at about $1.6M (likely between $1.1M and $1.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Vanderveen Insurance Agency Inc worth?
- About $1.8M, roughly 3.6× its estimated EBITDA of $488K, typical for a insurance agencies company its size. Likely range: $924K–$2.4M.
- How many employees does Vanderveen Insurance Agency Inc have?
- About 6, as reported on its PPP loan.
- When was Vanderveen Insurance Agency Inc founded?
- Vanderveen Insurance Agency Inc has been in business since 2006.