The Essentials of a DUNS Number
Issued exclusively by Dun & Bradstreet, a DUNS number serves as a crucial identifier that helps establish and monitor business credit profiles. This nine-digit code functions as a digital fingerprint, chronicling financial data, regulatory documents, and credit reputations linked to a company.
Every physical location of your enterprise can hold its own DUNS number, since these identifiers are site-specific, making it easier to distinguish among multiple branches or offices.
Dun & Bradstreet developed this proprietary numeric system, maintaining a comprehensive repository known as the Live Business Identity which catalogs pertinent information on companies holding these codes.
What Does the DUNS Database Include?
- Creditworthiness and business credit ratings
- Basic company details and ownership data
- Regulatory filings and compliance records
- Financial judgments such as bankruptcies or liens
Is a DUNS Number Mandatory for Every Company?
While not compulsory for all businesses, having a DUNS number can be a savvy move. It bolsters your company’s credibility and is particularly advantageous for startups and firms seeking government contracts or vendor partnerships.
How to Secure Your DUNS Number
Obtaining a DUNS number is a straightforward and cost-free procedure either by phone or online. Here’s a step-by-step blueprint:
- Dial 800-526-9018 or navigate to Dun & Bradstreet’s official website and scroll to the application section.
- Provide essential details such as your business’s legal name, address, start date, and corporate structure.
- Indicate your role—owner, CEO, or president—and classify your business type (e.g., U.S.-based, government contractor).
- Choose between standard (free, up to 30 days) or expedited ($229, as fast as 8 days) delivery of your DUNS number.
- Submit your application and await confirmation. If necessary, a representative may contact you for verification before sending the DUNS number via email.
Quick Facts About DUNS Numbers
A DUNS number is permanent and unique; it never expires and is composed strictly of nine digits. As of 2024, millions of businesses worldwide use DUNS numbers to secure credit, apply for federal grants, and build trust with suppliers and lenders.
How Can You Locate Your DUNS Number?
If you’re uncertain whether your company already possesses a DUNS number or need to verify it, Dun & Bradstreet provides an online lookup tool. This service proves invaluable when preparing for partnerships, securing financing, or bidding on contracts.
Clearing Up Common Confusions: DUNS vs. EIN
Though sometimes conflated, a DUNS number is quite different from an Employer Identification Number (EIN). The EIN, issued by the IRS, is a federal tax identifier tied to the company’s legal entity for tax purposes. Conversely, a DUNS number tracks business credit history, ownership, and operational longevity—and is often required when applying for government contracts or grants.
Frequently Asked Questions About DUNS Numbers
- What’s the purpose of a DUNS number?
It serves as a unique identifier to trace a company’s credit behavior and key business attributes; this number never changes or expires.
- How can I apply for a DUNS number?
Simply call 800-526-9018 or complete an application online via Dun & Bradstreet’s official portal.