"Bear in mind these potential disadvantages are offset by many factors," Lentell says, "Not the least of which is that many lenders are hesitant to makes loans to small businesses - particularly start-ups - without the SBA guarantee."
On the other hand, if your business does not fit within the parameters of the business grants available, and you've decided to apply for a government loan instead (known as an SBA loan), the loan has to be paid back.
The aforementioned SBA offices and SCORE, a business organization of retired business owners who volunteer their time, may be able to guide your writing efforts, but you'll still need to draft the plan yourself.
The Small Business Administration (SBA) also states, "[…] that the U.S. Small Business Administration does not offer grants to start or expand small businesses, though it does offer a wide variety of loan programs."
While most SBA programs allow lenders to use their own lending practices and procedures, there may be additional requirements you'll need to meet when applying for an SBA loan in contrast to a direct bank loan.