SALT LAKE CITY -- A Utah software company says it's paying off a $1 million bank loan six years early.
Orem-based Fishbowl was named one of the country's fastest growing companies by Inc. Magazine this year.
Fishbowl CEO David K. Williams says they've been making payments since May, with interest, but the company will pay off the full loan Thursday to Zions Bank President Scott Anderson.
Williams says Zions Bank was the only major financial institution willing to offer the company the $1 million loan so it could pay original investors and offer employees a stock-option program.
Fishbowl writes inventory management software for other companies and organizations.
One customer, NASA, uses the software to manage packaged foods for astronauts on the space station.