Outstanding loans. •. Mortgage. •. Create an account in the MySBA Loan Portal (lending.sba.Gov) to monitor your loan status or to make payments. A simple breakdown of how to spend your EIDL funds (and how that relates to the PPP). Explore whether you can get forgiveness for an SBA EIDL loan. This comprehensive guide covers eligibility as well as alternative options. SBA EIDL loans are not assumable, meaning they cannot be transferred to another party. You may be asking yourself "Can I use my EIDL Loan to pay off my credit card debt? Declined for Credit first, then got my score WAY up - now, DECLINED for EIDL Loan due to filing 2019 taxes in 2021! Or paying off old credit card debt with the EIDL.