All of your payments will be applied to the principal and interest according to the payment schedule for your loan. You will not receive a 1099-INT as this form reports interest paid to you by a financial institution. You are able to deduct the interest portion of your EIDL payments as "Interest Expense" on your business tax return.
See SBA Capital Access Financial System to log into your account and manage/view your balance and payments including interest paid.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"