Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. Yes, you can sell a business with an SBA loan, but not without taking certain important measures. The most crucial measure is obtaining lender approval. 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. 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. Minnesota's small businesses are now eligible for the SBA's Economic Injury Disaster Loan Program and can apply online.