Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.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. Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. The sba can seize your your assets your qualifying assets and use it to satisfy the amount due on the loan. It appears that successfully transferring an EIDL loan to another business or finding a unique solution with the SBA is extremely challenging and uncommon. Proof of ongoing insurance on the collateral with the SBA named as mortgagee must be provided.