View loan balance and make payments. Create an account in the MySBA Loan Portal (lending.sba.Assumption of Loan Requirement Letter. Assumption of Loan Requirement Letter for disaster loan servicing action request packages. Yes, you can sell a business with an SBA loan, but not without taking certain important measures. A separate SBA Disaster Assistance program known as business physical disaster loans covers property damage. Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. The terms of the assumption must not include a real estate contract, i.e. , the seller may not retain title to the property until an agreed upon amount is paid. He's seen all kinds of scenarios when it comes to loan processing and loan underwriting.