The division shall develop and implement an application process for a loan under this subchapter. At a minimum, the application must include:
(1) a description of the disaster recovery project for which the applicant is requesting the loan;
(2) an estimate of the total cost of the project;
(3) a statement of the amount of federal money that the applicant will receive for the project, or, if that information is not available on the date the applicant submits the application, an estimate of the amount of that money; and
(4) evidence that the applicant has staff, policies, and procedures in place adequate to complete the project.