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!

Next: Read 2500+ consumer guides to shopping, electronics, appliances, home services, cars, money and more.

❤ If you liked all this, consider supporting us by checking out Tiny Skills - 250+ Top Work & Personal Skills Made Easy