B.__The project must be located in either Washington County or Hancock County.__A member of the corporation's staff must have personally visited the project and the borrower's place of business;

C.__An applicant must attach a detailed business plan to the loan application;

D.__An applicant must demonstrate experience in and knowledge of the business or industry for which loan funds will be used.__In lieu of demonstrated knowledge and experience, the applicant may present a detailed program of training and education that will assure the loan committee that the applicant will be able to successfully operate the business.__Loan funds granted to a successful applicant may be used to pay for certified training and education programs; and

E.__An applicant wishing to establish a new business must demonstrate a need for the product or service in the region and, if the new business is retail, must show that the retail business will not compete with existing businesses.

The corporation shall give priority to projects that will cause a net increase in new permanent jobs or that are new businesses that can not obtain credit.__The corporation also shall give priority to projects that will result in the creation of jobs that will employ individuals who are already located in the same region as the project.

9.__Ineligible projects.__The corporation may not finance certain projects.

A.__The corporation may not fund libraries, medical facilities, public infrastructure, community or civic centers or projects involving the news media.

B.__The corporation may not fund a project relocating from one town to another unless the town losing the project agrees to the relocation.__The corporation may fund retail projects only if they will increase the net number of new jobs and do not compete with existing retail businesses.

C.__The corporation may not refinance a project or a loan unless the refinancing involves a transfer of ownership intended to keep the project from relocating or