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What is another name for a DUNS number?

DUNS is Dun Bradstreets (DB) Data Universal Numbering System. It is a copyrighted, proprietary means of identifying business entities on a location-specific basis.

What are the downsides of a DUNS number?

There arent many downsides to getting a DUNS number. The primary risk involved is mismanaging business credit and damaging your business credit score. You also cant build business credit just with a DUNS number.

Do I use my EIN or DUNS number to apply for credit?

Their use and intent is vastly different, and they are NOT INTERCHANGEABLE in any way. An EIN identifies your business for tax purposes only. A DUNS number identifies your business for credit purposes only. Your SSN validates your identity and your personal credit.

Are DUNS number and EIN the same?

A DUNS Number allows businesses to access valuable information about potential partners, suppliers, and competitors. Without it, companies may lack critical insights into the financial stability and performance of other entities, leading to increased risk in business transactions and partnerships.

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