If you’re a business owner, chances are you’ve heard of a DUNS number. But what exactly is it, and why is it important to register for one? In this article, we’ll discuss the basics of DUNS numbers and why you should consider getting one for your business.

What is a DUNS number?

DUNS stands for Data Universal Numbering System, and a DUNS number is a unique nine-digit identifier for businesses. It’s similar to a Social Security number for individuals, but it’s used exclusively for identifying businesses.

DUNS numbers are assigned by Dun & Bradstreet, a business information company that maintains a database of over 330 million businesses worldwide. The company uses a variety of sources to verify information about businesses, including legal filings, financial reports, and other public records.

Why is a DUNS number important?

There are several reasons why you might want to register for a DUNS number:

1. Establishing credit: If you’re planning to apply for a loan or credit line for your business, lenders may use your DUNS number to assess your creditworthiness. Having a DUNS number can help you establish your business’s credit history and improve your chances of getting approved for financing.
2. Bidding on government contracts: If you’re interested in bidding on government contracts, you’ll need a DUNS number to register with the System for Award Management (SAM). SAM is the federal government’s database of registered vendors, and it’s used by agencies to identify potential contractors.
3. Building credibility: Some businesses may require a DUNS number to do business with you, particularly if you’re in the B2B space. Having a DUNS number can help establish your business’s legitimacy and credibility.
4. Improving visibility: Dun & Bradstreet uses DUNS numbers to track businesses in its database, which is used by many companies to find potential suppliers, partners, and customers. Having a DUNS number can help improve your business’s visibility and make it easier for others to find you.
5. Apple Business: If your company plans to use Apple Business Manager, or enroll in their Device Enrollment Program, (which is necessary for effective fleet management), etc… you will need a DUNS number to register your company with Apple.

How do you get a DUNS number?

Getting a DUNS number is a relatively simple process. You can apply for one online through Dun & Bradstreet’s website, and the process usually takes about 30 days. There is no cost to apply for a DUNS number, but you can pay for expedited processing if you need it sooner.

To apply for a DUNS number, you’ll need to provide some basic information about your business, including its legal name, address, and phone number. You’ll also need to provide information about the type of business you have, the number of employees you have, and your business’s annual revenue.

In conclusion, a DUNS number is a valuable identifier for businesses that can help establish credit, improve visibility, and build credibility. If you haven’t already registered for a DUNS number, it’s worth considering doing so to take advantage of these benefits.