if there was a business purpose behind the loan it's reported on the same form as the business (loan to a supplier, customer) or if it is the LLCs business to make loans. On Schedule C it would be other income. This is not possible on schedule E. Otherwise despite the loan coming from the business It would be reported on schedule B. The loan terms are never entered on a tax return. You might want to think carefully about Schedule C reporting since this would make it subject to-self-employment tax
