The importance of DUNS and Bradstreet Lookup numbers may need to be better understood or mastered by many business owners. While it is not legally required to have one, having a DUNS number can significantly enhance your business credibility and facilitate various business activities with this nine-digit business identifier.
It is beneficial for enhancing your business’s global stability, building stronger relationships with business partners, lenders, and suppliers, and securing business funding. It also secures your creditworthiness, ensuring your personal and business credits are maintained and protected separately.
Discover how DNB can organically support the stable growth of your small business. Explore their offering to get started.
Why DNS Number is Necessary for Your Businesses
1. Credibility
A nine-digit number creates more opportunities to demonstrate significant growth in your business. It also makes it easier for business partners, vendors, investors, funder, and the government to verify your business’s existence and build trust and confidence in working with you, with fewer risk management concerns.
2. Creditworthiness
It assists in building a business’s credit profile, demonstrating its authenticity and reliability. A positive credit history enables suppliers, partners, vendors, or customers to trust you and increases the likelihood of forming favourable business relationships.
3. Tracking
The DUNS Number allows accurate tracking of your business’s financial performances, valuable insights into supplier and customer relationships, and options for making adjustments to boost your business growth.
4. Contracts and Trade
It will make your small business or organization recognized globally. The DUNS number significantly maintains your business’s legitimacy, enabling you to secure government contracts and awards.
A Guide to Getting Your DUNS Number
To obtain your D-U-N-S number, go to the DUNS & Bradstreet website. A step-by-step guide is provided for those unfamiliar with the process. Follow the instructions to register for global interactions.
The first and foremost step is to check whether you are registered for it. The next step requires providing your personal information, including:
- Your complete name and your company’s registered name
- Contact credentials of your business, including address, email, and phone number
- Accurate information about when your company was established
- Legal structure of your business
- Information about your business’s nature
- Numbers of employees working in your organization, their contact information, and verification data
D-U-N-S Number: Free or Paid
To obtain one for your small business, you must first submit information about yourself and your business. D&B will verify the information provided before proceeding. If it is confirmed as authentic, you will receive your DUNS number via email within 30 days of submitting your application.
DUNS numbers are free of charge, so if you are looking for a free Duns number, apply now without paying anything.
However, obtaining your D&B number typically takes 30 days. If you expedite the process, you can receive it in 5 business days for around $229.
Is D-U-N-S only for US Companies?
No, the D&B number lookup is used worldwide, not just in the United States of America. If you belong to a different country, visit the D&B official website, register your company by filling out the necessary information, and wait 30 days to receive your DUNS number via email.
The unique 9-digit code serves as a business identifier globally. It enhances your business credibility, helps maintain healthy relationships with suppliers, customers, and merchants, and facilitates tracking your business’s financial and payment behaviour as well as its business activities.
How Do I Check the D&B Lookup Number?
It is as simple as signing up for a website. Go to the D&B D-U-N-S lookup number page, connect with a lookup tool, and add your entity’s name, address, and contact details.
EIN VS DUNS
These two unique 9-digit business identifiers are used for different purposes.
The IRS issues an EIN (Employer Identification Number) to identify businesses for federal tax reporting, contracts, opening bank accounts, business licenses, and hiring employees.
The numbers function is similar to an individual’s Social Security Number (SSN).
Alternatively, D&B oversees DUNS ( Data Universal Numbering System) for businesses internationally. It helps build credit profiles, verify business information, handle financial and operational performance, and support relationships with suppliers and government entities.
