Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. Yes, you can sell a business with an SBA loan, but not without taking certain important measures. The most crucial measure is obtaining lender approval. Assumption of SBA Loan. All counties included in the SBA declaration are eligible to apply. Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. A business may qualify for both an EIDL and a physical disaster loan.