Key takeaways
- A DUNS quantity is issued by Dun &
- Bradstreet and helps construct enterprise credit score.
- This quantity tracks enterprise credit score, regulatory filings and different monetary details about your corporation.
- You’ll be able to apply for a DUNS quantity by telephone or on-line by means of Dun &
- Bradstreet.
A Knowledge Common Numbering System (DUNS) quantity is assigned by one of many three enterprise credit score bureaus, Dun & Bradstreet, and may additionally be known as a D&B quantity. Very similar to a FICO rating will help you observe and construct private credit score, a DUNS quantity helps companies create a enterprise credit score rating and report.
You’ll be able to apply for a singular DUNS quantity by telephone or on-line. Right here’s what you could find out about getting a DUNS quantity.
What’s a DUNS quantity?
A DUNS quantity is a singular nine-digit quantity that tracks varied details about a enterprise. DUNS numbers are additionally site-specific. If in case you have a number of bodily places for your corporation, each can apply for a singular DUNS quantity.
The proprietary system for DUNS numbers was created by Dun & Bradstreet (D&B), and the database that D&B has for every enterprise with a DUNS quantity known as the Stay Enterprise Identification.
With this, D&B tracks enterprise credit score scores, basic data, regulatory filings and different monetary data for every enterprise with a DUNS quantity. Together with basic data, any unfavorable monetary judgments, comparable to bankruptcies, shall be accessible to somebody who searches for a DUNS quantity.
Does each enterprise want a DUNS quantity?
No, each enterprise doesn’t want a DUNS quantity. That stated, it will possibly show you how to construct good enterprise credit score. It’s additionally required for a credit score report from Dun & Bradstreet.
Some personal lenders may additionally need to use your DUNS quantity. When looking out your corporation, they’ll see your credit score rating and different particulars about your corporation earlier than they approve a enterprise mortgage.
The right way to get a DUNS quantity
You will get a DUNS quantity over the telephone or on-line. The method is comparatively streamlined and free.
- Name 800-526-9018 or go to Dun & Bradstreet on-line and scroll to the underside to use.
- Present details about your corporation sort, comparable to a U.S.-based enterprise or U.S. authorities contractor.
- Provide enterprise particulars, together with the authorized title of your corporation, your corporation tackle, the yr your corporation began, the enterprise’s authorized construction and the title of the enterprise proprietor or CEO/president.
- Select a normal or expedited supply. Normal supply is free however can take as much as 30 days to obtain your DUNS quantity. Expedited supply can take as little as eight days, however prices $229.
- Submit the applying.
- Wait to be contacted. A consultant might attain out to you to verify your corporation data. In any other case, you’ll obtain your DUNS quantity by way of e-mail.
The place to seek out your DUNS quantity
In case you’re uncertain you probably have a DUNS quantity or want to verify your quantity, you should utilize the DUNS quantity lookup. The lookup additionally lets you see different companies’ numbers, which will be useful if contemplating a brand new partnership or investing alternatives.
The underside line
A DUNS quantity is helpful for firms in search of funding or contemplating a partnership with different companies. It will probably assist any firm construct enterprise credit score and show creditworthiness to lenders — particularly when you’re a startup or newer enterprise. In case you resolve to get a DUNS quantity, bear in mind it would observe optimistic credit score historical past and different unfavorable occasions, like bankruptcies.
