Create an account in the MySBA Loan Portal (lending.sba. Gov) to monitor your loan status or to make payments.A business may qualify for both an EIDL and a physical disaster loan. 41-3 Redline 11.2022. 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 EIDL loans are not assumable, meaning they cannot be transferred to another party. • SBA Form 1244 – Application for Section 504 Loans o Individuals who are required to fill out SBA Form 1244. EIDL loans can have maturities up to 30 years.