How to Get a DUNS Number and Why It Matters

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Getting a DUNS number is a crucial step for businesses, especially those that want to work with the government or large corporations. You can get a DUNS number for free from Dun & Bradstreet.

A DUNS number is a unique identifier assigned to your business, and it's used to verify your identity in the Dun & Bradstreet database. This database is used by many organizations to check the credibility of businesses.

Having a DUNS number can open up new opportunities for your business, such as getting government contracts or working with large companies. It's also required for some types of business financing.

What is a DUNS Number?

A DUNS Number is a unique nine-digit identifier assigned to businesses by Dun & Bradstreet, a business information provider.

It's free to obtain a DUNS Number, which is usually required for businesses looking to establish credit or get a loan.

The DUNS Number is used to verify the existence and legitimacy of a business.

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Dun & Bradstreet assigns DUNS Numbers to businesses in over 200 countries.

A DUNS Number is often required for government contracts and grants.

It's possible to get a DUNS Number online in about 15 minutes.

The DUNS Number is used to create a business credit file, which can help businesses establish credit.

Dun & Bradstreet verifies the accuracy of the information provided to assign a DUNS Number.

The DUNS Number is not the same as a tax ID number or a social security number.

Why Do Businesses Need a DUNS Number?

Getting a DUNS number is a crucial step for businesses, and here's why. It helps establish your business credit, which is a record of your business's payment history available to potential lenders, business partners, and investors.

To get government funding, you'll need a DUNS number. Many state and local governments require it to receive state funding, whether through contract, grant, or loan.

Apple, Google, and Walmart all require some businesses to have a DUNS number. For instance, to be a Walmart supplier or an Apple developer, you'll need one.

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Some small-business grants and nongovernmental loans require a DUNS number to apply. It's also needed to register with the FDA if your facility manufactures, processes, packs, or holds food for people or animals.

A DUNS number plays a central role in business credit reporting, allowing you to build a credit history for your business. This can make it easier to qualify for loans, business credit cards, and other financial products.

Getting a DUNS Number

You'll need to apply for a DUNS number to build your business credit, which is a record of your business's payment history. This can help you get better terms on loans, insurance, and trade credit agreements.

To get a DUNS number, you'll need to provide some basic information about your business, such as your business name, address, and tax ID number. This is a straightforward process that can be completed online or over the phone.

Many businesses need a DUNS number to work with certain companies, such as Apple, Google, and Walmart. For example, to be a Walmart supplier or an Apple developer, you'll need one.

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You can apply for a DUNS number on the Dun & Bradstreet website. The process usually takes a few minutes to complete, and you'll receive your DUNS number immediately.

Some businesses may need a DUNS number to apply for grants or nongovernmental loans. This is because many of these programs require a DUNS number as a condition of eligibility.

Here are some common reasons why businesses need a DUNS number:

  • To build business credit
  • To get government funding
  • To work with certain companies
  • To apply for grants
  • To register with the FDA

Applying for a DUNS Number

To start the application process, you'll need to provide specific information about your business, including your business's legal name, headquarters address, postal address, and contact details.

You'll also need to have your business registration documents nearby, as a D&B agent may contact you to gather more information about your business, such as the type of business, number of employees, and industry classification code or tax identification number.

Here are the key pieces of information you'll need to provide when applying for a DUNS number:

  • Business’s Legal Name
  • Headquarters Address
  • Postal Address
  • Your Contact Details

Do You Already Have a

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You can check if you already have a DUNS number using the DUNS number lookup tool.

The lookup tool is a simple way to see if a DUNS number has been assigned to your business.

If your company has been recognized as a legal entity, it's possible that D&B has already assigned a DUNS number to your organization.

You can proceed with your enrollment process for the Apple Developer program if you already have a DUNS number.

To get a free DUNS number, you can submit your information to D&B, but you'll need to give Apple permission to provide your business details to D&B.

Applying

To apply for a DUNS number, you'll need to gather some essential documents. Your incorporation papers and business name, contact details must be accurate, or it may delay processing. Small errors in spelling or address information can cause problems.

You only need one DUNS number if you're an online business or have a single location. Businesses with multiple stores will need a separate number for each location.

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To request a DUNS number, you'll need to provide specific information about your business. This includes your business's legal name, headquarters address, postal address, and contact details. A D&B agent may contact you for additional information, such as your business type, number of employees, or industry classification code.

To verify your information, have your business registration documents nearby. This will make it easier to access the necessary documents when the agent contacts you.

Here are the key documents you'll need to request a DUNS number:

  • Business’s Legal Name
  • Headquarters Address
  • Postal Address
  • Your Contact Details

You can also check if you already have a DUNS number using the DUNS number lookup tool. If your company doesn't have a DUNS number, you can submit your information to D&B to receive a free DUNS number.

DUNS Number Costs and Time

Getting a DUNS number is free, but the wait time is uncertain. Some applicants report receiving their DUNS number within a couple of days, while others wait the full 30 days or more.

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You can pay $229 for expedited processing, which guarantees a faster turnaround time. However, there are no guarantees that this will get you a DUNS number faster, especially if you're applying for a government contract.

The standard registration process takes about 30 business days, but you can expedite it for a fee. If you need a DUNS number quickly, consider paying the $229 fee, but be aware that this is not a guarantee.

The cost of a DUNS number is free through Dun & Bradstreet's standard application process. If you need it quickly, the expedited option costs $229.

DUNS vs EIN

DUNS vs EIN is a crucial distinction for any business owner to understand. A DUNS number and an EIN are two distinct business identifiers used for different purposes.

Most businesses need both, as they serve different functions. You'll use an EIN to file your business tax return or issue tax forms to your employees.

Readers also liked: How to Get a Tax Id Number

Credit: youtube.com, How to Get Your EIN Number, DUNS and Experian BIN Numbers

Certain types of businesses, like those with employees, are legally required to get an EIN for tax purposes. You can get one for free on the IRS’s website.

There’s no legal need to have a DUNS number, but vendors may require one to verify your business. Other companies and potential creditors use DUNS numbers to assess your business’s financial health.

Having a DUNS number is still necessary for most businesses, even if it's not mandatory.

Managing Your DUNS Number

Once you've received your D-U-N-S Number, you can start managing it. You can expect to receive your number from D&B within 5 business days.

To update your D&B profile, you'll need to email D&B directly. It takes up to two business days for D&B to provide updated information to Apple.

Make sure to use the correct business name when enrolling, as Apple doesn't accept DBAs, fictitious businesses, trade names, or branches. This means you should use the legal entity name of your organization.

If your business is listed in the D&B database with a different legal status, you may need to verify this information with D&B. You can email D&B with your business registration documents to confirm your organization's legal status.

FAQs and Misconceptions

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Obtaining a DUNS number is free, thanks to Dun & Bradstreet, the company that issues them.

You don't have to worry about paying for a DUNS number, but be aware that Dun & Bradstreet does offer extra services for a fee, such as credit monitoring and business credit reports.

A DUNS number is not the same as a tax ID number - they serve different purposes and are issued by different organizations.

You can't use someone else's DUNS number for your business, as each business needs its own unique identifier to establish its identity.

Having a DUNS number doesn't guarantee credit approval, as lenders consider various factors when making lending decisions.

Your DUNS number doesn't expire or require renewal, so you don't have to worry about losing it over time.

The US federal government replaced the DUNS number with UEI for federal contracts and funds, but many other organizations still use DUNS numbers.

The main difference between DUNS and UEI is that they're issued by different organizations and serve different purposes, but both are unique identifiers for businesses.

Randall Hagenes

Lead Writer

Randall Hagenes has built a reputation as a versatile and insightful writer, covering a range of topics with a particular focus on international money transfers. His work with Remitly and other financial services companies offers readers a clear understanding of complex financial processes. Specializing in articles that demystify the intricacies of international remittances, Hagenes provides valuable insights for both newcomers and seasoned users of global money transfer services.

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