Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download.Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments. 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. Proof of ongoing insurance on the collateral with the SBA named as mortgagee must be provided. This presentation will provide guidance on how to complete an. Electronic Business Application utilizing SBA Form 5 and SBA Form. 5C. He received a EIDL loan advance in the amount of.