Has anyone had any luck with an assumption or transfer of an EIDL? I'm wanting to sell my business and have the buyer assume the loan.SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. Most SBA lenders allow buyers to make payments on the seller financing, so long as they do not default on the SBA loan. All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans. Here are answers to some common questions from small business owners about Economic Injury Disaster Loans (EIDLs). The answer is that it depends so basically the way this works is the new buyer is going to need to be approved basically for that for that idle loan. SBA can provide loans to help cover the costs and expenses that your business would have been able to handle if the disaster did not happen. I'm new to investing in wholesaling I wanted to know how to fill out a track contract for a subject to deal.