SBA loans can help you finance acquiring an existing business or franchise if you meet the SBA requirements. The 504 loan program provides longterm, fixed rate financing for major fixed assets that promote business growth and job creation.Use an SBA 7(a) loan to buy a business. Learn which businesses qualify and what you can do to boost your odds of getting the funding you need. The SBA Microloan program allows small businesses to seek a smaller loan for operational uses. You can use SBA loan funds to pay off credit card debt, but you must be able to prove the money charged to the credit card(s) was used for business expenses.