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. All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans. Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. 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. Applicants may apply online using the Electronic Loan Application (ELA) via. Application: The borrower submits an application (SBA Form 2526 for change of ownership, SBA Form 2525 for assumption) to the Center. A more civil and rational public debate will enable us to define our goals as a society and choose the best people and policies to carry out those goals.