Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.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. Today we're going to make a quick video on how to apply for your sba eidl loan. We're going to go through the actual application form itself. Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. As part of the Economic Injury Disaster Loan (EIDL) program pursuant to the CARES Act. Loans, looking at the Economic Injury. Disaster Loan Program, the EIDL loan program.