Raja Imtiaz, 52, of Blackburn, claimed on his second loan application that it was his only request for support for his firm Al Fayroz Travel & Tourism Limited.
However, Imtiaz made the second application for the maximum £50,000 reward in summer 2020 just two weeks after securing an initial £50,000 loan.
He was jailed for 26 months during a hearing at Preston Crown Court last week. He has also been disqualified as a company director for six-and-a-half years.
It follows an investigation by the Insolvency Service. Chief investigator David Snasdell said Imtiaz "exploited a scheme designed to support small businesses during the pandemic".
