Welborn Insurance Agency, Inc
How we got $1.6M
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 41 years (since 1985)
- Family in the business (Jeremy Welborn, President & Agent)
From public records and the company's website, not a statement that it's for sale.
What they do
Welborn Church Insurance Solutions is a Lawton, Oklahoma agency that specializes in church and ministry insurance and has served ministries throughout Oklahoma since 1985.
From the company's website. Industry: Insurance agencies.
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 |
|---|---|---|
| WELBORN INSURANCE AGENCY, INC this business | $1.5M | — |
| MARTHA A WEBB INSURANCE AGENCY Lawton · 4 employees | $999K | 0.0 mi |
| ROSEROCK INSURANCE AGENCY, INC. Lawton · 1 employees | $168K | 0.0 mi |
| Church Insurance Solutions Oklahoma Lawton | $806K | 0.0 mi |
| Progressive Insurance Lawton | $4.8M | 0.0 mi |
| Rusty England - State Farm Insurance Agent Lawton | $806K | 0.0 mi |
| Steven Goss Insurance Lawton | $806K | 0.1 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) | $1.5M |
| Estimate: the two combined (geometric mean) | $1.5M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $431K |
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 | $1.6M |
| Multiple for this size and industry | 3.6× |
| Value range | $816K – $2.1M |
| Revenue range | $954K – $1.7M |
| EBITDA range | $283K – $491K |
| 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
“Based in Lawton, our agency has been serving ministries throughout the state of Oklahoma since 1985.”
Leadership
- JWJeremy WelbornPresident & Agent · Company website · source
- RCRodney CampbellSenior Account Advisor · Company website · source
- DPDarla PerdieuAccount Advisor · Company website · source
- CBCandi BennightClient Care Agent · Company website · source
Advisors
- BankingLiberty National 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
| Liberty National Bank PPP 2020, PPP 2021 | All 430 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 | $66K | 5 |
| 1/27/2021 | second | $66K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Welborn Insurance Agency, Inc
Welborn Insurance Agency, Inc is an insurance agencies company in Lawton, Oklahoma, in business since 1985. It is owned by George Welborn (CEO). Its estimated annual revenue is about $1.5M, with roughly $431K of EBITDA. It has about 6 employees. Its estimated business value is $1.6M (likely range $816K–$2.1M).
Common questions
- Who owns Welborn Insurance Agency, Inc?
- Welborn Insurance Agency, Inc is owned by George Welborn (CEO), according to public sources such as the company's website or filings.
- How much revenue does Welborn Insurance Agency, Inc make?
- SeeBITDA estimates Welborn Insurance Agency, Inc's annual revenue at about $1.5M (likely between $954K and $1.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Welborn Insurance Agency, Inc worth?
- About $1.6M, roughly 3.6× its estimated EBITDA of $431K, typical for a insurance agencies company its size. Likely range: $816K–$2.1M.
- How many employees does Welborn Insurance Agency, Inc have?
- About 6, as reported on its PPP loan.
- When was Welborn Insurance Agency, Inc founded?
- Welborn Insurance Agency, Inc has been in business since 1985.