1. (a) To evaluate an applicant's ability to repay a loan, the department may consider the applicant's

   1. (1) income history, including present income;
   2. (2) prospects for future income;
   3. (3) assets;
   4. (4) liabilities;
   5. (5) reasonableness of the projected profit and loss statement; and
   6. (6) other relevant information or experience.

2. (b) To determine the reasonableness of an applicant's revenue projection, the department may compare the revenue projections in the applicant's profit and loss statement with

   1. (1) information the department acquires independently; or
   2. (2) the actual revenue of other mariculture operators in similar circumstances.

(Eff. 10/16/2012, Register 204; am 7/24/2024, Register 251)