Los negocios latinos con numero de ITIN pueden aplicar al préstamo de PPP
/⇣ English translation provided at the end ⇣
Lorena López Altamirano
editor@laprensaiowa.com
Si usted es un dueño de negocio que realiza su declaración de impuestos y todavía no ha aplicado para el préstamo de alivio del Programa de Protección de Pago (PPP, por sus siglas en inglés), es mejor que se apresure a hacerlo ya que el último día para presentar la solicitud es el 31 de marzo, a las 5PM.
El presidente Biden anunció un período de 14 días exclusivos para los negocios que tienen 20 empleados o menos para que apliquen al programa de PPP el cual la fecha de expiración es el 9 de marzo a las 4PM. Mientras que los préstamos para los negocios grandes y los negocios que solo cuentan con el dueño como empleado único y que presenta la declaración de impuestos con el número ITIN (Número de identificación individual del contribuyente, por su traducción al español), tienen hasta el 31 de marzo, como fecha límite para presentar la solicitud.
Ryan Milligan - Presidente del Banco de Carroll Commercial Saving Bank (CBS)
Ryan Milligan, presidente del banco Comercial Saving Bank de Carroll, dijo a este medio que los propietarios de negocios deberían de aprovechar esta oportunidad de alivio que ofrece la administración de Biden. “Esta es una excelente oportunidad para todos los negocios que no pudieron aplicar en la primera ronda del programa de PPP, que no calificaban para aplicar con el número ITIN para el préstamo de alivio, que a su vez puede ser perdonado.”
Al preguntarle al señor Milligan, cuáles son los requisitos que el solicitante con numero ITIN debe de presentar, dijo “En el paquete de la declaración de impuestos del año 2019 o del 2020, hay una forma que se denomina Schelude C. Esa forma debe ser llevada al banco del solicitante o a cualquier banco. Yo personalmente estoy disponible para ayudar a los negocios latinos, porque el tiempo apremia, y es muy importante que los dueños de negocios aprovechen esta gran oportunidad.”
Cabe mencionar que las personas que apliquen al programa PPP no deben de desembolsar ni un solo centavo para pagar los honorarios al agente banquero que llene la solicitud. “El Departamento de Small Bussines Administration, (SBA, por sus siglas en inglés y departamento de administración de los pequeños negocios, por su traducción al español), ha contratado a los bancos para que nosotros prestemos el servicio a los negocios solicitantes, ellos [SBA] se encargan en pagar nuestros honorarios,” expresó el Señor Milligan.
Translation
Latino businesses with ITIN numbers can apply for the PPP loan
Lorena López Altamirano
editor@laprensaiowa.com
If you are a business owner and have not yet applied for a Payment Protection Program (PPP) relief loan, you better do it as soon as possible as the latest application day is March 31st, at 4 PM.
According to the Small Business Administration, an exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees will soon expire on March 9, 2021, at 4 PM. This special period will give lenders and community partners more time to work with the smallest businesses to submit their applications, while also ensuring that larger PPP-eligible businesses will still have plenty of time to apply for and receive support before the program expires on March 31, 2021.
Businesses and sole proprietors that have less than 20 employees have only from Wednesday, February 24 through Tuesday, March 9, 2021, at 4 pm ET
Additionally, President Biden through the SBA has looked to make changes to the PPP to expand access for sole proprietors, individuals with ITINs, returning citizens, and small business owners who previously were excluded due to not being able to pay their student loans.
The recent changes by the SBA are intended to ensure access for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Number (ITIN) to apply for the PPP.
Ryan Milligan - President of the Commercial Savings Bank (CSB) in Carroll
Ryan Milligan, president of Carroll Commercial Saving Bank, states that business owners should take advantage of this relief opportunity offered by the Biden Administration. "This is an excellent opportunity for all businesses that could not apply in the first round to the PPP program because they did not qualify with the ITIN number for the relief loan that can be forgiven.”
Mr. Milligan clarified the requirements that the applicant must present for the loan application, “If the borrower is self-employed or a sole proprietor there is a form called Schedule C in their package of the tax return for the year 2019 or 2020. That form must be taken to the applicant's bank or to any bank. Personally, I am available to help Latinos, because time is short as there are only five days left to submit the application during the exclusive small business window, however, the program is open through the end of this month. Also, changes effective March 3rd now allow borrowers who file a Schedule C with their tax return to calculate the loan amount based on their gross income, rather than net profit. This increase should allow borrowers to receive more than they could have just last week."
People who apply to the PPP program should not pay any fees to the banking agent who fills out the application. “The Department of Small Business Administration has contracted with banks so that we can provide the service to the requesting businesses, they (S.B.A) are responsible for paying our fees,” said Mr. Milligan.
