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FISHBOWL PREPAYS $1 MILLION LOAN

David Williams, Fishbowl InventoryFishbowl Inventory has made a $1 million early repayment of a loan made this year. The loan by Zions Bank enabled the company to buy the stake of a majority investor so that it could become 100 percent employee-owned in May. Fishbowl said it could have been sold or broken into pieces without the resources provided by the loan. CEO David Williams had pledged everything he owned as collateral for the loan while the company's executive team volunteered contributions and took temporary pay cuts.

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