(1) The Applicant meets all Eligibility Criteria under Section 10170.18;

(2) The Applicants demonstrates the ability to repay the loan; and

(3) The Applicant demonstrates that use of loan funds will be strictly for supporting the operations and financing of the Charter School consistent with the intent of the charter pursuant to Education Code Section 47605.

(1) Soundness of the Charter School's business plan, and the expertise of key management at the Charter School;

(2) Availability to the Charter School of other sources of funds;

(3) Impact of receipt of Program funds received on the Charter School's receipt of other private and public financing;

(4) Compliance with other Programs under the Authority, if the Charter School or its affiliate received an award under another Program;

(5) Compliance with repayment of all prior Program loan(s), if the Charter School or its affiliate received all previous Program loan(s); and

(6) In the Authority's evaluation of supporting financial information submitted pursuant to Section 10170.19(d), the Authority shall consider the reasonableness of projected financial performance and corresponding assumptions based on current and historical performance and Charter School's business and/or strategic plans. The Authority may consider current and historical performance, including cash flow, major revenues, degree of reliance on loans and fundraising, enrollment trends, student performance data, projected average daily attendance, expenses, and debt service coverage, if applicable.

(1) Among New Charter Schools, if applicable, based on highest FRPM across Regions ensuring equal representation to the extent feasible among Regions pursuant to Section 10170.17(q)-(t);

(2) Among existing Charter Schools based on highest FRPM across Regions ensuring equal representation to the extent feasible among Regions pursuant to Section 10170.17(q)-(t).