Assumption of SBA Loan. Assumption of Loan Requirement Letter for disaster loan servicing action request packages.About this document and download. An assumption transaction may be accomplished with or without consent of the lender. The transaction involves only a title transfer. Proof of ongoing insurance on the collateral with the SBA named as mortgagee must be provided. 41-3 Redline 11.2022. Another option to sell a business with an SBA loan is for the buyer to assume the loan. SBA loans are fully assumable with SBA approval. What information do I need to provide during this process?