Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans. If you are located in a declared disaster area, you may be eligible for financial assistance from the U.S. Small Business Administration (SBA). Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. Proof of ongoing insurance on the collateral with the SBA named as mortgagee must be provided. It appears that successfully transferring an EIDL loan to another business or finding a unique solution with the SBA is extremely challenging and uncommon.