Accordius Health at Charlotte (N.C.) alleges the Small Business Administration is overstepping its authority by limiting COVID-19 relief loans under the Paycheck Protection Program to $20 million per corporate group.
Accordius Health owns 47 affiliate companies that were deemed ineligible for PPP loans in November because the company as a whole had exceeded the borrowing cap.
Accordius Health appealed the decision claiming the limit was “improper because it is not found in the CARES act or in the Economic Aid Act,” according to court documents. “Congress never adopted a limitation in the form of a maximum cap that a so-called ‘corporate group’ might borrow or seek forgiveness of, and did not even mention corporate groups as a category.”
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
