Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.A business may qualify for both an EIDL and a physical disaster loan. The assumption of an SBA EIDL loan cannot be done unilaterally; it requires the agreement of both parties involved. I'm gonna walk you through the seven page loan document and the three page promissory note with some of the highlights. Has anyone had any luck with an assumption or transfer of an EIDL? I'm wanting to sell my business and have the buyer assume the loan. SBA loans are fully assumable with SBA approval. Getting this approval, however, can be very complex. Application: The borrower submits an application (SBA Form 2526 for change of ownership, SBA Form 2525 for assumption) to the Center.