Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. Assumption of Loan Requirement Letter for disaster loan servicing action request packages.About this document and download. 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. What Is Required to Assume an SBA 504 Loan?