Have Tax Questions? Ask a Tax Expert for Answers ASAP
The loan received by the S-corporation is not income and should not be declared on the tax return as taxable income - form 1120S - http://www.irs.gov/pub/irs-pdf/f1120s.pdf
However - these money should be reported on the balance sheet - see schedule L on the page 4 line 19.
The loan you provide to your corporation is assumed to be repaid to you - so that is not your expense - and therefore may not be deducted on your personal tax return.
You do not need to report the loaned amount on your tax return.
So - if you expected a different answer.