Neither business grants or loans are necessarily the better choice for those seeking funds in Australia. Each has their own merits. Grants are beneficial as they do not require repayment. However, they can be more specific in their intended uses, and more time consuming to apply for. Loans are generally more favourable from the government than from the bank. However, some still have interest. Always note the eligibility requirements for any programs you are considering.
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.