DUNS Number: Overview and Application Process

On February 16, 2025 By newsroom Topic: Debt Advice

A DUNS number (Data Universal Numbering System) is a unique nine-digit identifier issued by Dun & Bradstreet to help businesses establish credit and demonstrate financial health.

What Is a DUNS Number?

Purpose: Identifies your business globally for creditors, suppliers, and potential business partners.
Linked to Business Credit: Tied to your Dun & Bradstreet profile, which includes credit scores like the Paydex score.
Not Legally Required: But essential for building credit, applying for certain grants, loans, or government contracts.

Who Needs a DUNS Number?

All Businesses: Regardless of size or structure, can benefit from applying.
State and Local Requirements: Needed for certain state-funded contracts, grants, and loans.
Government Contracts: Previously required for federal grants, now replaced by the Unique Entity Identifier (UEI) via SAM.gov since April 2022.

Benefits of a DUNS Number

Builds Business Credit: Improves credibility with lenders and business partners.
Enhances Financing Options: Access better payment terms and loan options.
Supports Growth: Helps businesses bid on contracts and attract investors.

How to Get a DUNS Number

Check if You Already Have One
Use Dun & Bradstreet’s DUNS lookup tool to see if your business is listed.
Apply Online
Visit Dun & Bradstreet’s website to start the application.
Provide Information
Business name, phone number, and address.
Owner or CEO’s name.
Business structure (LLC, partnership, etc.) and date of formation.
Industry and number of employees (full- and part-time).
Wait for Processing
Standard processing takes up to 30 business days.
Expedited processing (8 days) is available for $229.
Verify Information
A Dun & Bradstreet representative may contact you to confirm details.
Receive Your DUNS Number
The number will be emailed to you upon approval.

DUNS Number vs. EIN: Key Differences

| DUNS Number | EIN (Employer Identification Number) |
|-------------------------------------------|-----------------------------------------------------|
| Issued by Dun & Bradstreet. | Issued by the IRS. |
| Used to establish business credit. | Used for tax purposes and to file returns. |
| Not legally required. | Required for businesses with employees or LLCs. |
| Free to apply (standard processing). | Free to apply on IRS.gov. |

Frequently Asked Questions

1. How much does it cost?
- Standard application: Free.
- Expedited processing: $229 for an 8-day turnaround.

2. Should I get a DUNS number for my LLC?
- Yes! Many grants, contracts, and financing opportunities require it.

3. How long does it take to get a DUNS number?
- Standard: Up to 30 business days.
- Expedited: Within 8 business days.

4. Can I apply for multiple locations?
- Yes, you’ll need a unique DUNS number for each business location.

Why a DUNS Number Matters

A DUNS number is a vital tool for businesses looking to:
- Build credibility.
- Access funding and better financing terms.
- Expand through government contracts and partnerships.

Apply early to streamline business operations and seize new opportunities!