Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. 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. All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans. Applications for disaster loans may be submitted online using the MySBA Loan Portal at lending.sba.gov. Bynoe, of Westbury, has represented the Second Legislative District in the Nassau County Legislature since 2014.