Why do i need a dun and bradstreet number

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Why You Should Register for a Dun & Bradstreet D-U-N-S Number

why do i need a dun and bradstreet number

Why You Need A DUNS Number

and   can   you

It is a unique a nine-digit identifier that has become the standard numbering system to identify businesses across the globe. Just as your social security number reveals a lot about you—your bank accounts, tax returns, credit scores, residences, etc. Its founder, Lewis Tappan, created it in for the purpose of helping merchants establish the creditworthiness of potential customers. Over million of those businesses have been assigned a DUNS number. The federal government adopted the DUNS number as its principal business identifier in This means that companies without a DUNS number cannot do business with the federal government.

A DUNS number is a unique nine-character number used to identify your organization. The federal government uses the DUNS number to track how federal money is allocated. Does my organization already have a DUNS number? Most large organizations, libraries, colleges, and research universities already have a DUNS number. You should contact your grant administrator, financial department, chief financial officer, or authorizing official to identify your organization's DUNS number. Registering for a DUNS number is free of charge, so if you encounter any organizations or websites soliciting a fee or charge to acquire a DUNS number it is likely a scam or fraudulent.

Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. Advertiser partners include American Express, Chase, U. Bank, and Barclaycard, among others. Of course, you also need a Social Security number to file your taxes. There are currently million of them.

Although each of these are 9-digit numbers that identify a business they are not the same and they are used for different purposes.
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The nine-digit identifier for a business, is similar to a social security number assigned to an individual. The existing information usually will then be matched to the newly created Dun and Bradstreet number. Small Business Administration notes. NAICS is used by federal agencies and has replaced the SIC to classify business establishments in terms of their relation to statistical data about the U. The D-U-N-S Number, which also reveals links between member companies and corporate family trees worldwide, is widely used by both commercial and federal entities.

When you apply for credit, a lender usually asks for your social security number SSN. Your SSN is connected to your credit report and credit scores. Your credit history determines whether a lender will extend credit to you and the terms they will offer. This numbering system is used to identify all types of business organizations, including government contractors. One of their more noteworthy services is the collection of data for commercial credit information.

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What Is a D-U-N-S Number and What Is It Used For? (Dun & Bradstreet)

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Step 1: Obtain a DUNS Number

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