All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans. What Is Required to Assume an SBA 504 Loan?SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. Are SBA 7(a) Loans Assumable? Fortunately for borrowers, SBA loans, including the SBA 7(a) loan , are fully assumable with SBA approval. Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. EIDL loans may only be used for specific types of business expenses. Find out legitimate ways you can use your EIDL loan. 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.