Sole Proprietor - Any success with the PPP loan?

[Victor Fung]

I am a sole proprietor with a few investment properties under LLC's. I don't pay myself a salary but just take distribution. I don't have any full time employees other than contractors once in a while. Anyone in a similar situation have any luck?

Ive heard that people have been getting EIDL of $1K per employee. Is this more likely the option for us? Only the $1K per employee advance is forgivable? What is the loan amount that you apply for in order for it to be forgivable?