Youngs appliances store sells $1.1 million smart home appliances to pay off loans from their parent company, Appliance Retailer.
The appliance store, located in the Bronx, sold its first batch of the Smart Home appliances to help pay off a $500,000 loan.
The loan was used to purchase the appliances and install the systems on their new homes.
The new appliances have the Smart Network technology that is installed on the appliance, but the appliance store says the loan can be forgiven once the appliance’s systems are up and running.
The company is in the process of expanding its appliance sales to other parts of New York and other parts in the US.
The company says it’s been working with several companies to help them with their loan repayment process.