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. All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans. Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. The sba can seize your your assets your qualifying assets and use it to satisfy the amount due on the loan. Find out how to apply for a small business disaster loan if your business suffered damage and is in a presidentially declared disaster area.