Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download.Proof of ongoing insurance on the collateral with the SBA named as mortgagee must be provided. SBA 7 (a) Loan. About. The Small Business Administration's most common loan program, which includes financial help for businesses with special requirements. The most common way to file for office is to pay a filing fee and complete an affidavit of candidacy (PDF, 1MB). Interested in becoming a Bank of America Student Leader? Check out the eligibility criteria for our 8-week summer program to see if you qualify.