3 Foolproof Steps to Get Your Free DUNS Number from Dun & Bradstreet
Get Your Free DUNS Number from Dun & Bradstreet – This is Amazing! What is a DUNS number? Your DUNS number is the key to unlocking business credit for your small business. You may be asking: do I need a Dun and Bradstreet number? You do!
No Dun and Bradstreet number, no business credit. It is truly that simple. But first, you need to get your free DUNS number.
But free DUNS numbers do not magically, mystically drop from the sky. You have to proactively go and get one.
The first method is actually just one step. You can get our Business Credit Builder Package from us Directly.
Get Your Free DUNS Number from Dun & Bradstreet HERE
Aside from our Business Credit Builder Package, there are a few other things you can so to get a free DUNS number.
Fortunately for you, there are three easy steps you can follow and voila, your small business will have a DUNS number.
Get Your Free DUNS Number from Dun & Bradstreet:
1. Get Registered on the Dun and Bradstreet WebsiteHow does Dun and Bradstreet get their information?
Here is how to get a DUNS number. Dun and Bradstreet requires that you register your company on their site before they will hand out a DUNS number.
Registration is free. Much like for so many website registrations we see on the internet these days, registration is fast.
Dun and Bradstreet does not ask for extraneous information it does not need.
Rather, it merely asks you for your full name, an email address, a password, and then to confirm that password.
Therefore, you can get a registered Dun and Bradstreet account on the Dun and Bradstreet website before you even create your small business! It is a good first step and you may as well do it early. Get into small business DnB ASAP.
Like with most online registrations, Dun and Bradstreet sends a confirmation email. And, by the way, you’re now on the Dun and Bradstreet mailing list. Which is kind of convenient. It goes both ways. Now, if you need to, you can send Dun Bradstreet complaints.
Get Your Free DUNS Number from Dun & Bradstreet:
2. Launch the D&B D-U-N-S Number ToolWhen you log in, you are immediately taken to your Dun and Bradstreet account dashboard. Your dashboard is divided into three parts:
Let’s look at the latter two sections first.
Risk ManagementCredit Reporter (which allows you to evaluate other businesses) has a listing under Risk Management.
Sales & MarketingAnd finally VERIFIED (this product provides a means for you to verify your small business and thereby build credibility) has a listing under Sales & Marketing.
My Business CreditCredit Signal (their business credit monitoring system) has a listing under My Business Credit.
Launch the D&B D-U-N-S Number ToolAlso under My Business Credit, but with a dark, contrasting font is the Launch the D&B D-U-N-S Number tool.
Click Launch and you are immediately taken to a business search page. If you find your business, select the appropriate record and click Submit.
The next screen is a verification screen so that Dun and Bradstreet can confirm that you who you say you are. It is also to confirm that you are also authorized to view the company data you want to look at.
Personal Identification InformationYou must fill out a section with personal information such as your full name and address, and a business information section which includes your business email and title with the company.
Once you have filled these two sections out, click Next.
On the next page, you must select the last four digits of your Social Security number from a list of four. Then click Next again.
Authentication Questionnaire on the next page, you must fill out an authentication questionnaire, which may be different for people, depending upon their specifics.
In our case, Aww had to choose my correct previous telephone number. Note: none of the phone numbers were correct for me but I had to choose one, anyway. I also had to choose a county I had once lived in. Also, I had to choose a professional license I hold.
Your authentication questions will undoubtedly be different.
Once you have answered the questions, click Next again.
If everything is correct, you will get a confirmation screen. If you want to review the company account, then click the Home button.
A Fer-Instance using the Dun and Bradstreet number lookup, I was able to locate my father’s small engineering consulting business. And this is even though he has not done any paid consulting work in a few years and I searched under the wrong city.
The DUNS number lookup worked just fine. Try the DUNS company lookup before you buy anything! Just in case, you should know how to find a Dun and Bradstreet number.
3. Add a CompanyIf you look up DUNS number and your search did not turn up your company then don’t worry. Instead, from the company search screen, click on Click Here to Get a D-U-N-S Number.
The next screen presents you with three choices. One method is to go the free Dun & Bradstreet route and just get a DUNS number and CreditSignal.
Click on Get Started. You’ll end up at a screen which wants your personal information and company information. Fill everything out and click Next.
And that’s it! You’ve successfully requested a DUNS Number and you’ll get it within 30 days.
Get Your Free DUNS Number from Dun & Bradstreet: Bonus: A Bit About D&B ReportsOf course the reason you need to get a DUN number is to get your free DUN Bradstreet reports! So here’s a brief look at them.
A Dun & Bradstreet Report (also known as a D&B Report) is a database-generated report. The business services giant produces such free Dun and Bradstreet reports in order to help its clients in making decisions regarding new credit applications.
The primary reason for a client making use of such a free Dun and Bradstreet report is to engage in credit risk monitoring of merchants, suppliers, and business partners.
This helps companies make informed business credit determinations and steer clear of bad debt.
Dun & Bradstreet takes several factors into account in producing such a report. These include a predictor of payment delinquency; how financially stressed a company is compared to comparable businesses; an assessment of supplier risk; credit limit recommendation; D&B rating; and PAYDEX score.
Get a Dun and Bradstreet report free and let’s look at all these factors in turn.
Delinquency PredictorDun & Bradstreet uses predictive models to ascertain how likely a company is to be overdue with its payments. Predictive scoring is a means of using historical data to try to predict future outcomes.
It involves identifying the risks inherent in a future decision. It does this by examining the relationship between historical information and the future event.
This represents an objective and statistically derived counterpart to subjective and intuitive analyses. Such scoring allows a business to rank and order accounts based upon the probability of an event occurring, such as delinquent payments. However, note that Predictive Scoring only exemplifies a statistical probability, and not a guarantee.
Financial Stress Percent Financial Stress Percentile compares the company in question to other businesses in the same region, industry, number of employees, or number of years in the business.
Financial Stress Score Norms indicate an average score and percentile for all organizations with similar demographic attributes. These Norms can be utilized in order to benchmark where this particular business stands in relation to the norm for its peer group.
Financial Stress ScoreDun & Bradstreet produces Financial Stress Scores to forecast the chance of business failure over the next twelve months.
D&B defines business failure in several ways. One is as a firm which gets legal relief from its creditors. Another is a company which discontinues its business operations without paying all of its creditors in full. Yet another is a company which voluntarily withdraws from its business operations thus leaving unpaid obligations
Another way is a business which enters into receivership or reorganization. Or it can be a company which makes some kind of arrangement for the benefit of its creditors. And all of this is based on the information found inside D&B’s commercial database.
The score ranges from 1,001 to 1,875. A score of 1,001 represents the highest probability while a figure of 1,875 exemplifies the lowest probability of business failure.
If your business has a lot of lawsuits and liens against it, those will negatively impact your financial stress score.
Financial Stress Risk ClassThis is a division of the scored universe into five distinct groups, ranging from 1 to 5. A 1 represents businesses which have the lowest probability of failure, while a 5 represents firms which have the highest probability of failure.
This Class makes it so a customer can quickly segment their new and existing accounts into various risk segments. This is to determine appropriate marketing or credit policies. For any businesses showed as being Discontinued at This Location; Higher Risk; or Open Bankruptcy, those records automatically get a 0 score.
Financial Stress Score PercentileA Financial Stress Score Percentile is shown as a 1-100 ranking where a 1 percentile has the highest probability of failure and a 100 percentile has the lowest probability of failure.
Supplier Evaluation Risk RatingThe Supplier Evaluation Risk Rating (also called a SER Rating) forecasts how probable it is that a company will get legal relief from its creditors or terminate its operations without paying creditors in full over next twelve months. The SER rating comes from D&B’s Financial Stress Score. The Financial Stress Score percentile serves as the basis for the SER Rating.
Once the Financial Stress Score percentile is determined for a company, a second set of rules are applied to figure the SER Rating. The SER Rating provides a probability of global supplier failure. Local nations’ failure ratings are indicated via a Class of 1 – 9. A 1 represents businesses with the lowest probability of supplier failure. A 9 represents companies with the highest probability of supplier failure.
Discover our aged shelf corporations, jam-packed with new ways to finance your business without emptying your wallet.
Credit Limit Recommendation
A D&B Credit Limit Recommendation includes two recommended dollar guidelines:
Each set of limits comes with an assessment of the risk category a business falls into, or D&B’s assessment of how likely they are to continue to pay their obligations within the agreed-upon terms and how likely they are to undergo financial stress in the next twelve months.
D&B RatingA D&B Rating is designed to help firms rapidly gauge a business’s size and composite credit appraisal. The rating is based upon information in a company’s interim or fiscal balance sheet, and also an overall evaluation of the firm’s creditworthiness. This, too, comes from a DUNS and Bradstreet number.
Rating Classifications5A to HH Rating Classifications show company size based on worth or equity as computed by Dun & Bradstreet. The figure matters because a firm’s size can be a reliable indicator of credit capacity. Dun & Bradstreet assigns such ratings to firms which have supplied a current financial statement.
Composite Credit AppraisalThis is a number, 1 through 4, and it comprises the second half of a firm’s rating under the DNB rating system. It reflects Dun & Bradstreet’s overall assessment of that company’s creditworthiness.
Dun & Bradstreet’s analysis of company payments, financial information, public records, business age and other important factors, when available, are analyzed in order to generate a Composite Credit Appraisal.
When a company does not supply current financial information, they cannot get a Composite Credit Appraisal rating of better than a 2. Furthermore, the 1R and 2R Rating categories indicate company size based on the total number of employees for the company.
These rating categories are assigned to company files which do not contain a current financial statement.
Employee Range (ER) Ratings apply to certain lines of business not lending themselves to classification under the D&B Rating system. These kinds of companies are assigned an Employee Range symbol based upon the number of employees and nothing more.
As a whole, when Dun & Bradstreet does not have all of the information they need, they will indicate as much in their reports. However, the absence of some pieces of information does not necessarily mean a certain firm is a poor credit risk.
Get Your Free DUNS Number from Dun & Bradstreet: TakeawaysYes, it’s easy. This vital step will get you that much closer to building fantastic business credit. now you know what is duns number. Get EIN CREDIT – this is how to start.
The current age of your company can affect the business you wish to conduct in most cases. The number of years a company has been in existence may affect the confidence of potential business associates such as buyers, creditors or suppliers have in a company.
In an effort to improve the chances of obtaining financing for your startup you may have heard that buying a shelf corp will open the credit floodgates for your new venture.
Sound too good to be true? Well, it is because there are many more factors that play into the creditworthiness of a company then simply its age. While the age of your business does contribute to the overall picture it should never be considered as 'the key to credit.' By sharing some insight with you on shelf corporations and what are the key business credit advantages will better prepare you in making a more educated decision if this is a strategy worth considering. Now, let’s first cover the basics.
What is a shelf corporation?
A Shelf Corporation, also known as an “Aged Corporation” (or “Aged Company” when referring to an LLC, for example) is a corporation that is already formed, but not in use, and ready for “purchase” by a new owner. There are many reasons that people purchase shelf corporations, and there are certain things to look out for when considering one of these “ready-made” corporations. Now one of the questions I’m sure you’re thinking is “Why should I purchase a shelf corporation?” Shelf corporations allow you to engage into business, credit, or real estate agreements as an established company without having to go through the long waiting period of establishing a brand new corporation. Most potential creditors or business resources are less likely to extend credit or lend to new or up-start corporations. By approaching them as an established corporation or company, the more likely your business has the opportunity to have access to credit lines, banking relationships, leases, and so on. For example, during the initial stages of building business credit there are some vendors that will only extend credit to companies that are at least two years in business. In some cases they also require a personal guarantee if the business is less than a year old.
What can shelf corporations do for your business?
By purchasing a shelf corporation that’s three or even ten years old can drastically increase the number of credit opportunities available to you. Now don’t worry if your existing corporation is less than two years old because you’ll still be able to get business credit, but the amount of banks that you can apply at will be limited.
If you’re planning on starting a corporation or setting up another corporation then this may be an option to entertain.
Shelf corporations can also offer a large increase in borrowing power as well as enhanced credibility for your business when talking to customers and lenders. Remember the age of the owners does not necessarily correspond with the age of the company. When the H.J. Heinz Company advertises that it was established in 1869, it doesn’t mean that all of the shareholders are well over 100 years old. It simply means that the company was filed in that year.
You can take advantage of similar credibility benefits when advertising to customers. The age of your company can give greater credibility to customers and lenders than a business that was recently established. So, purchasing companies with established credit and existing credit lines can give the business a big financial boost.
Here are the Top 5 Advantages of Buying a Shelf Corporation:
1. Saving time and expense of forming a brand new corporation
2. Instant access to contract and government contract bidding. Most states require that your company be in business for a specified minimum length of time.
3. Instant credibility and an appearance of corporate history.
4. More attractive to potential investors and investment capital.
5. Faster and easier access to banking relationships and business lines of credit.
As far as purchasing a shelf corporation for the purpose of obtaining a bank loan or line of credit, given the current economic conditions, banks are requiring seeing much more than simply the age of your company. There are bank ratings, credit history, NSF history, and other factors to consider especially if you request more than a $50k line of credit. So if your interest is in applying for bank financing keep in mind shelf corporations have no business history, tax returns, financials and existing revenue.
Another word of caution that you need to consider is there are many companies that sell shelf corporations that have done business in the past, DO NOT buy these! If a shelf corporation has done business in the past and you purchase it you also assume all past liabilities of that company. So if the company has had any lawsuits brought against the corporation from the past you are now liable because you now own the corporation.
It’s critically important that the shelf corporation you are considering not have any inherent or lingering liabilities. For the most part, this can be assured by looking into the history of the corporation and ensuring that the extent of its business activities was limited or nonexistent except for the application of an Employer Identification Number and maybe the formation of a bank account.