Upon the filing of such application, the payment of the license fee and the approval of the required bond, the Director of Banking and Finance shall investigate the facts, and, if he or she finds that
(1) the experience, character, and general fitness of the applicant and of the members thereof if the applicant is a partnership, limited liability company, or association, and of the officers and directors thereof if the applicant is a corporation, are such as to warrant belief that the business will be operated honestly, fairly, and efficiently within the purposes of sections 45-114 to 45-158, and
(2) allowing such applicant to engage in business will promote the convenience and advantage of the community in which the business of the applicant is to be conducted, the Department of Banking and Finance shall issue and deliver an original license to the applicant to make loans at the location specified in the application, in accordance with the sections, which license shall remain in full force and effect until March 1 next thereafter and from year to year thereafter, if and when renewed, under the sections, until it is surrendered by the licensee or revoked as herein provided.