All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans. 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. Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. Proof of ongoing insurance on the collateral with the SBA named as mortgagee must be provided. This page contains links to information from the U.S. Small Business Administration in regard to the SBA Economic Injury Disaster Loan Program. EIDL assistance is available regardless of whether the business suffered any physical property damage. Newtek secured this loan with a blanket lien on all assets of Medex, KRC, and Calvert Health.