In this workshop, we cover all things concerning your COVID Economic Injury Disaster Loan (EIDL) in conjunction with the US Small Business Administration. SBA EIDL loans are not assumable, meaning they cannot be transferred to another party.Another option to sell a business with an SBA loan is for the buyer to assume the loan. SBA loans are fully assumable with SBA approval. You must contact the SBA before you sell your business. Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. On EIDL Loans where the SBA holds no personal guarantee then the only collateral the SBA has are the assets of the business. What Is Required to Assume an SBA 504 Loan? A business may qualify for both an EIDL and a physical disaster loan.