Heartland Aviation, LLC
How we got $2.1M
Based on 6 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▲ 42% 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 |
|---|---|---|
| HEARTLAND AVIATION, LLC this business | $3.8M | — |
| TORNADO ALLEY TURBO, INC Ada · 18 employees | $6.1M | 2.0 mi |
| AIR FLITE, INC. Shawnee · 15 employees | $6.0M | 40.2 mi |
| J. MARSHALL, INC Norman · 3 employees | $1.2M | 52.2 mi |
| CRUISE AVIATION ASSOCIATES, INC. Norman · 12 employees | $4.1M | 52.3 mi |
| SILVER WINGS, INC Oklahoma City · 1 employees | $244K | 61.3 mi |
| WEEKS AVIATION L.L.C. Oklahoma City · 1 employees | $365K | 65.6 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Industry revenue per employee | $649K |
| Revenue = employees × revenue per employee | $3.8M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $547K |
| Cross-check: revenue implied by PPP payroll | $1.2M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 14% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $2.1M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.2M – $3.5M |
| Revenue range | $2.7M – $5.4M |
| EBITDA range | $383K – $766K |
| Industry (NAICS) | Nonscheduled Chartered Passenger Air Transportation (481211) |
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
People & advisors
Advisors
- BankingCitizens Bank of AdaPPP / 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 Roles are as stated there and may be out of date.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
| Citizens Bank of Ada PPP 2020 | All 171 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 | $32K | 6 |
About Heartland Aviation, LLC
Heartland Aviation, LLC is a nonscheduled chartered passenger air transportation company in Ada, Oklahoma. Its estimated annual revenue is about $3.8M, with roughly $547K of EBITDA. It has about 6 employees. Its estimated business value is $2.1M (likely range $1.2M–$3.5M).
Common questions
- Who owns Heartland Aviation, LLC?
- The owner of Heartland Aviation, LLC 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 Heartland Aviation, LLC make?
- SeeBITDA estimates Heartland Aviation, LLC's annual revenue at about $3.8M (likely between $2.7M and $5.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Heartland Aviation, LLC worth?
- About $2.1M, roughly 3.8× its estimated EBITDA of $547K, typical for a nonscheduled chartered passenger air transportation company its size. Likely range: $1.2M–$3.5M.
- How many employees does Heartland Aviation, LLC have?
- About 6, as reported on its PPP loan.