Carmine Agnello pleaded guilty to lying on applications for COVID relief and illegally receiving about $1 million in loans.
In addition to the 15 months in prison, Agnello will also have two years of supervised release.
He also has to pay $1,268,302 in restitution.
Prosecutors asked the judge to sentence Agnello to two and a half years in federal prison.
He will turn himself in on July 20.