Does the LLC need to issue 1099-INT for business loan interest paid back?

Hello - we have a partnership LLC for rental property. The LLC was given a business loan (not a mortgage loan on a property) from one of the partners to operate and to buy a property. Payments (with interest) are made back to the partner from the LLC. Does the LLC need to issue a 1099-INT for the interest paid on the loan since it counts as income to the partner?

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It depends on the amount of the interest paid. According to the IRS rules, you must issue the Form 1099-INT to whom you paid amounts at least $10, or at least $600 of interest paid in the course of your trade or business

To report this income, the borrower who pays the interest completes a Form 1099-INT and submits one copy to the lender and one to the IRS. The form spells out the total amount of interest paid to the lender during the tax year.

You can find more information about that here:

Specific Instructions for Form 1099-INT