(1) The applicant’s business will promote the convenience and advantage of the community in which the applicant’s place of business, or mobile unit, will be located; and

(2) The applicant or, if the applicant is not an individual, each of the owners, officers, directors, or principals of the entity:

(i) Has sufficient experience, character, financial responsibility, and general fitness to:

1. Command the confidence of the public; and

2. Warrant the belief that the business will be operated lawfully, honestly, fairly, and efficiently; and

(ii) Has not committed any act that would be a ground for suspension or revocation of a license under this subtitle.