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. 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. 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. Application: The borrower submits an application (SBA Form 2526 for change of ownership, SBA Form 2525 for assumption) to the Center.