To qualify for a license, an applicant shall satisfy the Commissioner that: The applicant has at least $20,000 in liquid assets available to be used in the business to be covered by the license; The business will promote the convenience and advantage of the community in which the place of business will be located; and The applicant or, if the applicant is not an individual, the owners, officers, directors, or members have sufficient experience, character, financial responsibility, and general fitness to: Command the confidence of the public; and Warrant the belief that the business will be operated lawfully, honestly, fairly, and efficiently.