The phenomenal emergence of home-based business ownership has been astounding. The Small Business Administration (SBA) projects that by 2007, there will be over 2 million small business firms.

Trends indicate that entrepreneurship is quickly becoming a fabric in American culture. Yet, while there are many opportunities for securing personal wealth through business ownership, access to capital continues to be a hurdle for most start-up companies.

Thanks to a new small business initiative, the hurdle has become a little less painful. Through the SBA CommunityExpress loan program, start-ups and existing businesses alike can apply for a "Small Office/Home Office" (So-Ho) homebased business loan without a business plan.

Business loan amounts are available from $5,000 to $15,000 and no business plan is required. This may not seem like much to some business owners, but the most successful companies have started out by getting micro-loans. In fact, the SBA cited that most homebased businesses required $10,000 or less to get started. Examples of companies that started with less that $25,000 include Ben & Jerry's, Fedex and Tom's of Maine toothpaste.

Reducing any form of paperwork for getting a small business loan or homebased business loan is a definite plus when seeking capital for your business. When lenders eliminate the requirement of having a business plan, it is a positive step in getting business loans to small business owners quickly and easily.

It doesn't matter if you want to start a daycare center, desktop publishing firm, or barbershop. These mega success stories of Fedex and others are a constant reminder that small beginnings can indeed lead to greater rewards when searching for small business loans or homebased business loans.

So, if you are in the market for a small business loan, homebased business loan, micro-financing, startup financing, or a Small Business Administration (SBA) guaranteed loan, a good place to start is the SOHO small business loan program.