FIN (Federal Identification Number)

The Federal Identification Number (FIN) is a unique nine-digit number assigned to businesses in the United States for the purpose of conducting official business with federal agencies. It is used primarily as a way to identify and track vendors who provide services or products to government departments, so that the proper payment can be issued. This number can also be used by federal agencies to verify the eligibility of suppliers and contractors. By having an accurate and up-to-date FIN on file, businesses have a greater chance of receiving payments from government entities in an expedient manner.