How do I build business credit with my DUNS number?
Learning how to build business credit with a DUNS number quickly and effectively is an important part of running a successful business.
To get started, make sure to use your DUNS number to apply for business credit cards, loans, small business line of credit, and other types of financing. You also need to make sure to pay all of your bills on time and in full to maintain a high credit score.
Can a sole proprietor get a DUNS number?
Yes, a sole proprietor can obtain a Dun & Bradstreet (D&B) DUNS Number. The process is no different than for any other business entity.
Simply fill out an application on the Dun & Bradstreet website and wait for approval.
Are DUNS numbers going away?
If an entity does business with the federal government, then yes. As of April 4th, 2022, the General Services Administration (GSA) started using UEIs or Unique Entity Identifiers for any business doing business with the government.
This means they no longer use DUNS numbers. Here’s further reading if you’re interested in learning how to get government contracts.
Image: Envato Elements