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Unfortunately, no lender (including the SBA) to improve to do such one thing. Just like your employer is to send a W-2 to you every year, a lender is needs to send 1099 forms to every one of borrowers that debt pardoned. That said, just because lenders are hoped for to send 1099s doesn't suggest that you personally automatically will get hit along with a huge tax bill. Why? In most cases, the borrower can be a corporate entity, and the just a personal guarantor. I know that some lenders only send 1099s to the borrower.

Effect of the 1099 pertaining to your personal situation will vary depending on kind of entity the borrower is (C-Corp, S-Corp, LLC, etc). Most CPAs will have the capacity to let you know that a 1099 would manifest itself.