Introduction to DUNS Number
A DUNS number is a 9-digit ID for businesses. Getting a basic DUNS number takes 30 days and is free. However, faster processing in 8 days costs $229. DUNS numbers establish business creditworthiness since D&B is a top credit agency.
How to Obtain a DUNS Number
- Call D&B at (866) 705-5711 to get a free DUNS number by providing your business’s legal name and contact details.
- Check if your business already has a DUNS number before applying as it is a unique identifier.
- DUNS numbers are essential for securing financing, identifying businesses globally, and building a credit history.
Understanding DUNS Number
DUNS stands for Data Universal Numbering System. It tracks business credit and consists of 9-digit random strings issued by D&B. Vendors and lenders may use it to check your credit score, which ranges from 0-100.
Can You Obtain a DUNS Number without an LLC?
No, you don’t need a tax ID to get a DUNS number. Dun & Bradstreet will use other means to verify your business, including the number of employees (full- and part-time).
Conclusion
Obtaining a DUNS number is crucial for firms as it establishes creditworthiness and validates the business with D&B being a global credit reporting agency. Standard processing takes 30 days, but expedited service is available for $229 where a DUNS number is issued in 8 days.