Can I buy a Multifamily with an SBA 504 Loan?

[Shafi Noss]

I saw an ad in a small business magazine offering SBA 504 loans for owner-occupied commercial real estate. It got me thinking of doing something equivalent to a house hack but with a local multifamily property using the SBA instead of the FHA. I'm not sure though if it's supposed to be used for office space for a small business or something else entirely. Is a live-in multifamily viable? Does anyone have experience with SBA 504 loans?