A south-central Nebraska couple have been convicted of lying to banks so they could get new loans.

A news release from the office of U.S. Attorney Deborah Gilg says a jury in Omaha convicted 67-year-old Billy Nesiba and 65-year-old Carol Nesiba on Wednesday. Each of the Nesibas was indicted on five counts of making false statements and one count of conspiracy.

Prosecutors say the Nesibas did business as Bill’s Classic Auto in Grand Island and lied about how much they owed to various banks so they could get more loans. Prosecutors say the Nesibas defaulted on the loans, which cost the banks a total of about $850,000.

The Nesibas are scheduled to be sentenced on Feb. 15.