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Dun & Bradstreet Duns Number

A Dun & Bradstreet duns number is a special identifying number used by corporate business information company Dun & Bradstreet to track business companies so that they can be reported on to other businesses and financial institutions. It has become one of the standard operating business numbers in the world and it is required to do business with both the United Nations and the United States Government.

The Dun & Bradstreet duns number is unique for every business and is free of charge by ordering it from Dun & Bradstreet. It is usually available within two weeks of ordering it and will be sent to the company by e-mail by Dun & Bradstreet. Once a business has a Dun & Bradstreet duns number it can go online to access the information contained on their file so that they can preview what others may see when they request information from Dun & Bradstreet.

Dun & Bradstreet also provides a number of additional services to their Dun & Bradstreet duns number that is available at additional cost to any registered business. They include a service called CreditBuilder which provides a company with complete access to their Dun & Bradstreet credit file and speeds up the process of ordering a Dun & Bradstreet duns number. CreditBuilder also allows companies to establish a Dun & Bradstreet credit file for the business which is often the main source for other companies and financial institutions to examine the creditworthiness of the company.

This is important because it helps to establish a business credit rating that will be required if the company or corporation wishes to apply for business credit or a corporate line of credit from a banking or other lending institution. Many companies almost immediately upon starting a business apply for both a Dun & Bradstreet duns number and open a Dun & Bradstreet credit file at the same time.

Another advantage to getting a Dun & Bradstreet duns number and open a Dun & Bradstreet credit file at the same time is that you can provide up to five credit references as part of your CreditBuilder option. This allows a business to put forward the names and contact numbers of companies and suppliers that you already do business with. These are businesses that can state that you pay your bills on time and live up to your responsibilities and commitments. These references are invaluable to business success and very handy when it comes time to go to the bank to seek additional credit for the business.

Having a Dun & Bradstreet duns number and opening a Dun & Bradstreet credit file is a strong signal to the banks and to other businesses that you intend to operate in complete compliance with all regulatory bodies and are serious about maintaining a good corporate image and good financial relations as you enter the business world.

Find out more about Building Business Credit, download our free booklet on Building Business Credit for business owners. Click Here to Get Access.

 

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