In evaluating applications for financial assistance under this subchapter, the board and staff shall consider at minimum:(1) The anticipated benefits arising from the financial assistance to the applicant, including both the potential impact on agricultural development and rural economic development;(2) The qualifications and eligibility of the applicant;(3) The applicant's ability to repay the financial obligation;(4) The demonstrated level of need for the Authority's financial assistance;(5) The funding needed for continued development;(6) The collateral offered by the applicant; and(7) The present involvement and support of local organizations.