Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.If you are located in a declared disaster area, you may be eligible for financial assistance from the U.S. Small Business Administration (SBA). Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. It appears that successfully transferring an EIDL loan to another business or finding a unique solution with the SBA is extremely challenging and uncommon. All lenders and CDCs should be cognizant of the loan program requirements for the assumption, assignment, and sale of SBA loans. Application: The borrower submits an application (SBA Form 2526 for change of ownership, SBA Form 2525 for assumption) to the Center.