S corp owners are not eligible for PPP if they do not pay themselves a payroll (and don't have your accountant call up and yell at me but legally you must take a 'reasonable' payroll...), this simplifies matters because you can only apply as a sole prop based on your 2019 Schedule C without worrying about the new entity.
It's also best if you fund it into whatever bank account you used for the sole prop and not into the S corp bank account if it has its own. Best not to create confusion and links between the two entities.
I'm not an accountant- my background is in finance. Thanks for the kind words .
Application currently under review at BlueVine. Might be too late to change anything now, but there is one way I could potentially have done much better, let me know your thoughts...
While I was planning on counting my 2020 January and February income through my business (for tax purposes), I didn't really open my business until March. So maybe I could've still counted my Jan-Feb as Sole Prop income, and then applied using my average in Jan-Feb and be eligible for significantly more money.
Does that make sense? Would I likely have been approved for that? Simple to apply using Jan-Feb averages or does that require something else? They just trust the numbers you provide? Could/should I still cancel my initial application and do it that way?