Form 1099-PATR isn't typically associated with a loan, but information reflected on it may be taxable income.
Please clarify what boxes are entered on the form, how the information is related to a loan, and any other relevant information.
According to About Form 1099-PATR, Taxable Distributions Received From Cooperatives:
Cooperatives file Form 1099-PATR for each person:
- To whom the they paid at least $10 in patronage dividends and other distributions described in section 6044(b).
- From whom they withheld any federal income tax under the backup withholding rules regardless of the amount of the payment.
