All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans. 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. 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. Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. What Is Required to Assume an SBA 504 Loan? Another option for selling a business with an SBA loan is for the buyer to assume the loan.