The D-U-N-S® Number is a Unique 9-Digit Identifier for your Businesses. It is used to establish a business credit file, which is often referenced by lenders and potential business partners to help predict the reliability and/or financial stability of the company in question. D-U-N-S®, which stands for Data Universal Number System, is used to maintain accurate and timely information on +400 million global businesses.
Many financial institutions look at a company's business credit report or monitor a company's Live Business Identity (anchored by the company's D‑U‑N‑S Number) when considering whether to extend credit or grant a loan and what terms and conditions to offer.
As your company grows, the amount of information you have on your customers, prospects, and suppliers will grow as well. The D‑U‑N‑S Number is used by many companies as the foundation for their data so that they can maintain a single source of truth across the organization to maximize efficiency and reduce errors.
Establish credibility and grow your business by combining the D-U-N-S Number with other CIAL solutions designed for Small and Medium Enterprises
The Data Universal Numbering System (DUNS) number is a unique nine-digit identification number provided by Dun & Bradstreet (D&B). The DUNS Number is site-specific. Therefore, each distinct physical location of an entity (such as branches, divisions, and headquarters) may be assigned a DUNS number.
Businesses that contract with government agencies are required to have a DUNS number. What are the limitations? Once a DUNS number is established and basic business data is provided, information including public findings, judgments and bankruptcies will automatically be added to the business' credit history.
7 Things You Can Do With a DUNS Number
A DUNS number is not a replacement for an EIN or Social Security number (SSN) for lending and application purposes.
To get a business credit score from Dun & Bradstreet, one of the three major business credit bureaus, you first need a DUNS number.
Your DUNS number is basically a unique identifier for a physical location of your business. That being said, the answer is no. Your Dun and Bradstreet number does not expire and it does not need to be renewed.
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