What Is Required to Assume an SBA 504 Loan? SBA loans, including the SBA 7(a) loan, are fully assumable with SBA approval.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. Assumption of Loan Requirement Letter for disaster loan servicing action request packages. About this document and download. SBA financing can offer buyers attractive loan terms and interest rates while eliminating or reducing the need for the seller to carry a note. X. Take title to any property in the name of SBA. This white paper provides insight into the SBA 7(a) loan program and the servicing rights arising from the sale of the guaranteed portion. The seller must provide the following information to the buyer of an individual loan certificate prior to the sale: a.