Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. Assumption of Loan Requirement Letter.Assumption of Loan Requirement Letter for disaster loan servicing action request packages. In short, EIDL loans aren't likely eligible for a business buyer to assume and will need to be repaid when selling a business. Funded in part through a grant with the Governor's Office of Business and Economic Development. In a complete asset sale, Lenders typically require that the EIDL loan is paid off in full from the Seller's sale proceeds. Application: The borrower submits an application (SBA Form 2526 for change of ownership, SBA Form 2525 for assumption) to the Center. Economic injury assistance is available to businesses regardless of any property damage. Concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The specific requirements are contained in the EIDL application form and include: (i) Business Loan.