Liam James Hennessey, 28, has been disqualified from being a director of a company for the next 11 years.
Mr Hennessey, of Manchester Road, Haslingden, applied for Nero Plant Limited to receive a £50,000 Bounce Back Loan during the Covid-19 pandemic.
Under the BBL scheme, businesses could apply for a loan of between £2,000 and £50,000 subject to a maximum of 25 per cent of its turnover.
Nero Plant Limited, which is based in Brunswick Street, Oldham, received these funds on May 28, 2020.
Two days earlier Mr Hennessey applied for a BBL, declaring that the turnover figure for 2019 was £240,000.
Bank statements from the company’s one known account showed receipts for the entirety of 2019 totalling £4,656.
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