Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.At these levels, the SBA requires collateral from the business and will put a "blanket lien" on all company assets, current and future. Key Takeaways: SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. 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. All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans.