DUNS Number
What is a DUNS Number?
D-U-N-S (Data Universal Numbering System) number is a unique nine-digit identifier assigned by Dun & Bradstreet (D&B), a leading global provider of business information and data analytics. The D-U-N-S number is widely used as a standard identifier for businesses, especially in the United States.
It is often required for government contract bids, obtaining loans, and for business credit reporting purposes. D&B uses information about a business to maintain accurate and comprehensive records for each D-U-N-S number, which helps to ensure the accuracy of information in business transactions and helps to establish the credibility of a business.
How do you use a DUNS number?
A D-U-N-S number can be used in several ways, including:
- Government Contract Bids: Many government agencies in the United States require a D-U-N-S number for businesses that wish to participate in government contract bidding.
- Business Credit Reporting: Dun & Bradstreet uses the D-U-N-S number to track a business’s credit history and payment behavior, which helps lenders and suppliers make informed decisions about whether to do business with a particular company.
- Loan Applications: Lenders may also require a D-U-N-S number when a business applies for a loan. This helps lenders to obtain a complete and accurate picture of the business’s credit history and financial standing.
- Business Registrations: Some states and local governments require businesses to obtain a D-U-N-S number as part of the business registration process.
- Supply Chain Management: Many companies use D-U-N-S numbers to manage their supply chain and to ensure that their suppliers are credible and reliable.
If you need a D-U-N-S number for your business, you can request one for free from Dun & Bradstreet’s website. The process of obtaining a D-U-N-S number typically involves providing basic information about your business, such as its legal name, physical address, and ownership structure.
