(1) A private person is eligible for a loan from the fund if the person's project proposal meets the following criteria:

(a) the project is consistent with the nonpoint source management plan and has qualified as a nonpoint source project;

(b) appropriate technical and administrative assistance is available for the project;

(c) public or landowner support for the project is demonstrated;

(d) adequate funding sources are available to completely finance the project;

(e) the project meets the criteria for loans as stated in 75-5-1113, MCA; and

(f) the project satisfies all conditions for financing of the project required by the department of natural resources and conservation.