Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans. Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. The answer is that it depends so basically the way this works is the new buyer is going to need to be approved basically for that for that idle loan. What Is Required to Assume an SBA 504 Loan? Most SBA lenders allow buyers to make payments on the seller financing, so long as they do not default on the SBA loan.