Section 178-501-4 - EligibilityA. The applicant must demonstrate that the loan will assist one or more persons with disabilities to improve their independence or quality of life or become more productive members of the community.B. Loan proceeds must be used for the purchase of adaptive equipment that will assist one or more persons with disabilities to improve their independence or quality of life or become more productive members of the community.C. The amount of the loan sought shall not, when added to the principal balance of any other outstanding or approved loans to or for the benefit of the same applicant, exceed the maximum permitted aggregate, per borrower loan amounts set forth in Section 6(A), and shall not result in any one individual or entity becoming liable to the board as borrower or as guarantor for amount in excess of $100,000 in the aggregate.D. An applicant who has previously been denied for a program loan may not reapply unless the new application is a significant change from the denied application.E. An applicant must demonstrate creditworthiness and repayment ability.94- 178 C.M.R. ch. 501, § 4