Explore tailored business financing solutions at Goodman Capital Finance. Fuel your growth with our flexible funding options.You will need to allocate the amount reflected on form 8594 among all the assets. A typical method is to allocate the proceeds based on the original cost. If you sold business-use property during the year, you had a gain or a loss on the sale. Complete and file Form 4797: Sale of Business Property. Yes, you can sell a business with an SBA loan, but not without taking certain important measures. The most crucial measure is obtaining lender approval. A business usually has many assets. The first step to selling your assets is locating a buyer.