Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.How do I apply for a grant or loan? Please fill out the Business Assistance Application to relate to appropriate lending partners or to apply for the grants. 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. Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. It appears that successfully transferring an EIDL loan to another business or finding a unique solution with the SBA is extremely challenging and uncommon. 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.