Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.The assumption of an SBA EIDL loan cannot be done unilaterally; it requires the agreement of both parties involved. Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. 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. Yes, you can sell a business with an SBA loan, but not without taking certain important measures. The most crucial measure is obtaining lender approval. SBA, PPP, and EIDL loans are all dischargeable in bankruptcy.