Sale of an asset in which the LLC carrys the loan. Business debt will disappear when the business is sold.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. When selling a business, choose wisely between an entity sale and an asset sale, because the decision will affect the taxes you must pay. An asset sale is a type of business transaction in which a buyer purchases all, or part of, a selling business' assets. Selling a business with debt can present challenges but it is not impossible. Learn how to sell your business with debt here. A business can be sold via a stock sale or an asset sale. An asset sale otherwise known as an asset deal or asset purchase is a special type of business sale that only deals with assets and liabilities.