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. The assumption of an SBA EIDL loan cannot be done unilaterally; it requires the agreement of both parties involved. EIDL loans may only be used for specific types of business expenses. Find out legitimate ways you can use your EIDL loan. Get expert advice on SBA EIDL loans, business loans, and more. Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download.