Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. 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. SBA-backed loans make it easier for business owners to receive needed funding in the form of a loan, while reducing lender risk. Today we're going to make a quick video on how to apply for your sba eidl loan. We're going to go through the actual application form itself.