All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans. Assumption of Loan Requirement Letter for disaster loan servicing action request packages.About this document and download. SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. You will need to review the SBA loan documents to be sure that the majority ownership of the business can be changed, transferred or sold. What Is Required to Assume an SBA 504 Loan? 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. Customer: My home has a conventional mortgage and SBA loan. I am building a new house and am wanting to sale and owner finance my existing home.