The government agency said Hussain was the director of Dynasty Group Ltd, an Eccles-based wholesaler of clothes and footwear, and NA Collection Mcr Ltd, based in Manchester, which provided online sales of products such as confectionery.
Each business was entitled to one loan, but Hussain claimed a second £50,000 loan for both businesses, while overstating the turnover of NA Collection.
The third Bounce Back Loan related to a sole-tradership, but Hussain again overestimated the turnover and provided a false statement that the money would be used to the benefit of the business.
Insolvency Service chief investigator Darren Bailey said: “Matloob Hussain clearly thought he was above the law and blatantly disregarded the rules of a loan scheme…