In this workshop, we cover all things concerning your COVID Economic Injury Disaster Loan (EIDL) in conjunction with the US Small Business Administration. Create an account in the MySBA Loan Portal (lending.sba.Gov) to monitor your loan status or to make payments. A business may qualify for both an EIDL and a physical disaster loan. The assumption of an SBA EIDL loan cannot be done unilaterally; it requires the agreement of both parties involved. Get expert advice on SBA EIDL loans, business loans, and more. The first page of the application is simply to verify your eligibility for the loan program itself. SBA loans are fully assumable with SBA approval. Getting this approval, however, can be very complex. Has anyone had any luck with an assumption or transfer of an EIDL?