The filed financing statement gives notice to anyone who might be interested that the secured party has a "perfected security interest" in the business' assets. 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. Fill out our asset-based loan application and provide some basic personal and financial information to get started. You must prepare a sales agreement to sell your business officially. This document allows for the purchase of assets or stock of a corporation. Complete Utah Commercial Financing Registration. Assumptions about how relocating to another state will your lower tax liability when you sell could have you running afoul of tax laws if you're not careful. Any investment (or loan, once the business has become profitable) will require very extensive documentation.