A loan can be obtained from multiple sources such as an investor or a bank and is usually sought out during early business development. While some sources such as private investors will not require a personal guarantee on a loan, in practice, many will always require a form of security (an asset of yours) in return for their funds. This can come in the form of your home, or another asset of great value, signed off to the loaner. In the case that you and your business default :’( you will lose said asset.
With grant funding, you avoid this significant risk. No form of collateral is necessary to access grant funding keeping your personal assets out of harm's way. Pocketed doesn’t want to take your home... the choice is clear!