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. Middlesex Savings Bank in MA offers SBA financing that can get your business off the ground. Contact or visit your nearest branch location to learn more. Fortunately for borrowers, SBA loans, including the SBA 7(a) loan , are fully assumable with SBA approval. The buyer assuming a loan will need to go through the application and underwriting process to qualify with the mortgage lender. 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. The forecasting process at the MLHU is focused on assumptions with respect to provincial and.