ACN
An ACN (Australian Company Number) is a unique nine-digit number issued by ASIC to identify registered companies in Australia. Lenders use the ACN to verify company identity, check ASIC records, and confirm eligibility for Business Loans, Invoice Finance, and Working Capital Loans. The ACN links directly to company directors, shareholders, structure, and financial reporting obligations.
Why an ACN Matters in Lending
Lenders rely on the ACN to verify that a business is a legitimate, registered entity. It helps identify directors, check compliance, review financial statements, and detect risks.
- Confirms the company is officially registered with ASIC
- Allows lenders to view directors & shareholders
- Used to check company credit history and PPSR details
- Typically required for Pty Ltd and public company finance applications
- Links to tax, reporting, and compliance obligations
ACNs are used alongside ABNs, Directors, and Shareholders when assessing business structures and eligibility for finance.
How an ACN Works
- Issued automatically when a company registers with ASIC
- Displayed on key company documents, invoices, and contracts
- Used for identification in finance applications
- Different from an ABN, but often linked to it
- Must be kept active to maintain company status
Official reference: asic.gov.au