White House says small business lending program will be running Friday, even as JPMorgan says it’s not ready

A few hours before the expected launch of a federal program to dole out at least $350 billion in loans to small businesses struggling amid the coronavirus pandemic, none of the participating banks interviewed by CNBC are sure they’ll be ready.

From massive global institutions with trillion dollar balance sheets to regional banks and small local lenders, the companies all have one thing in…

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