Depending on the asset type, you'll have to decide whether you want to buy or lease assets for your business. Yes, you can sell a business with an SBA loan, but not without taking certain important measures.Are you interested in selling some or all assets of your business? An Asset Purchase Agreement is a legally binding contract between a buyer and a seller that details the terms and conditions of the sale of a business's assets. A business usually has many assets. In an asset sale, specific assets and liabilities are individually transferred from the buyer to the seller at closing via a bill of sale.