(1) In evaluating applications for financing under the MOBP program and the requirements of ARM 8.97.1802, the board will consider the following factors:

(a) the applicant's net worth;

(b) the applicant's training and experience in the industry involved in the project;

(c) the applicant's prospect for succeeding in the proposed project;

(d) all materials submitted by the applicant and the financial institution as part of the application;

(e) the financial condition of the financial institution issuing a letter of credit for the proposed financing; and

(f) other information deemed necessary to protect the board's investment.

(2) The board reserves the right to require a borrower or a financial institution to provide such additional security as the board deems appropriate, including but not limited to a pledge of tangible or intangible assets.