How to Get a DUNS Number (and Why You Need One)
If you’re serious about building business credit, one of the first terms you’ll come across is the DUNS number. It sounds complicated, but it’s actually pretty straightforward, and getting one is a crucial step for any business owner who wants to separate personal and business credit.
What Is a DUNS Number?
A DUNS (Data Universal Numbering System) number is a unique nine-digit identifier assigned to your business by Dun & Bradstreet, one of the main business credit reporting agencies. Think of it like a Social Security number for your company.
When you apply for credit, work with vendors, or even bid on contracts, companies may use your DUNS number to check your business credit profile and assess your reliability.
Why a DUNS Number Matters
Getting a DUNS number isn’t just about formality. It unlocks real advantages:
- Builds Your Business Credit Profile: Without it, you can’t establish a track record with Dun & Bradstreet.
- Helps You Qualify for Credit Accounts: Many vendors, suppliers, and lenders require it to extend terms.
- Makes You Look Legitimate: A DUNS number signals that your business is established and organized.
- Opens Contract Opportunities: Government agencies and large corporations often require one to bid on contracts.
How to Get a DUNS Number Step by Step
The process is simple and free. Here’s how to do it:
- Go to the Dun & Bradstreet Website
Visit DNB’s official DUNS request page. - Search for Your Business
Before applying, check to see if your company already has a DUNS number. Many businesses do and don’t realize it. - Submit Your Application
If you don’t already have one, you’ll need to provide:- Legal name of your business
- Business address and phone number
- Name of the owner or executive
- Legal structure (LLC, corporation, etc.)
- Year founded and number of employees
- Wait for Processing
Standard processing is free and typically takes about 30 days. Paid options exist for faster turnaround, but most businesses don’t need to pay.
Tips for Success
- Use a Business Address, Not a P.O. Box: It makes your business look more credible.
- Keep Your Information Consistent: Make sure your details match across all business records, licenses, and bank accounts.
- Monitor Your Profile: Once your number is assigned, you can start building credit with vendors who report to DNB.
Final Thoughts
Getting a DUNS number is one of the simplest but most powerful steps you can take in building business credit. It costs nothing, adds credibility, and sets you up for better financing opportunities down the road.
At CreditNerds.com, we guide entrepreneurs through every stage of personal credit building. If you’re looking for a sign to start repairing your credit, this is it! Schedule your free consultation today.
