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. It appears that successfully transferring an EIDL loan to another business or finding a unique solution with the SBA is extremely challenging and uncommon. 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. Proof of ongoing insurance on the collateral with the SBA named as mortgagee must be provided. Find out how to apply for a small business disaster loan if your business suffered damage and is in a presidentially declared disaster area.