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. The assumption of an SBA EIDL loan cannot be done unilaterally; it requires the agreement of both parties involved. The SBDC provides small business counseling, resources and support in Peoria, AZ. No cost counseling for businesses looking to grow and scale in Peoria, AZ. SBA loans are fully assumable with SBA approval. Getting this approval, however, can be very complex. SBA, PPP, and EIDL loans are all dischargeable in bankruptcy. If a business owner files for Chapter 7 liquidation bankruptcy, these loans can all be discharged.