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, including the SBA 7(a) loan, are fully assumable with SBA approval. SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. 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. Here are answers to some common questions from small business owners about Economic Injury Disaster Loans (EIDLs). Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. We're going to go over what an assumable loan is, what you need to do to qualify for it and the pros and cons for both buyers and sellers.