DUNS number
A DUNS number is a unique nine digit identifier assigned to a business by Dun and Bradstreet to track its credit file.
DUNS stands for Data Universal Numbering System, and a DUNS number is a unique nine digit code that Dun and Bradstreet assigns to a business. It works like an identifier for your company in the business credit world, letting lenders, suppliers, and partners look up a consistent record of your business. Your Dun and Bradstreet credit file, including the Paydex score, is tied to this number. Getting a DUNS number is free, and many businesses request one as an early step in establishing a credit identity separate from the owner.
Having a DUNS number does not guarantee financing, but it is often a prerequisite for building a Dun and Bradstreet credit profile and is sometimes required to work with certain vendors or to bid on government and corporate contracts. Once you have one, you build the file behind it by opening accounts with suppliers and lenders that report to Dun and Bradstreet and paying them on time. Check that your business details on file are accurate and up to date, since the information attached to your DUNS number feeds the score lenders may review.
Common questions
Do I need a DUNS number to get a business loan?
Not always, but it helps. A DUNS number supports your Dun and Bradstreet business credit file, which some lenders review, and it can be required by certain vendors and contracts.
How much does a DUNS number cost?
Requesting a DUNS number from Dun and Bradstreet is free. Be cautious of any service that charges a fee simply to obtain one for you.
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