How to report EIDL advance/grant on 1120 C-Corp?

Hello,

 

We're a small C-Corp with 2 people, received $2000 from EIDL last year, which is tax-exempt. Corp's asset is a bit more than 250k so we need to include M1 and we use 1120. If it's not income then how do we record/report the $2000 in TurboTax and in QuickBook? Thanks