How to Get a DUNS Number: A Comprehensive Guide

If you're a business owner, you've likely heard of a DUNS number. It's a unique identifying number issued by Dun & Bradstreet, the largest business credit bureau in the world. Having a DUNS number is crucial for businesses, as it is often required on credit applications. In this guide, we'll walk you through the process of obtaining a DUNS number, and provide tips to expedite the process.

What is a DUNS Number?

A DUNS number is a unique identifying number issued by Dun & Bradstreet. It is a nine-digit number that is used to identify businesses, and is often required on credit applications. The DUNS number is used by financial institutions, government agencies, and other organizations to verify a company's creditworthiness and track its credit history.

How to Obtain a DUNS Number

Obtaining a DUNS number is a relatively straightforward process. The first step is to ensure that your business is already incorporated. If it's not, you'll need to complete the incorporation process before you can obtain a DUNS number. Once your business is incorporated, you can apply for a DUNS number through a Google search without paying for any optional programs.

To expedite the process, you can provide a reason for needing the DUNS number quickly. For example, you can state that you need the DUNS number for government contract bidding in your industry. It's also important to ensure that your business has a real address, email, and domain name to improve its fundability.

Building Business Credit with Your DUNS Number

Once you have your DUNS number, it's important to start building your business credit. This can be done by establishing credit accounts and making on-time payments. The more payment experiences reported on your DUNS number, the higher your Paydex score will be. A higher Paydex score can help you access more financing options and improve your creditworthiness in the eyes of lenders.

Conclusion

Obtaining a DUNS number is an essential step for businesses that want to access credit. By following the steps outlined in this guide, you can quickly and easily obtain a DUNS number for your business. Remember, building your business credit takes time and effort, but it's crucial for accessing financing and growing your business.

If you're interested in learning more about building business credit, visit Broker Solutions for more valuable resources, tips, and strategies.

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