How does the new Duns number system affect you?

If you are building business credit or keeping up with business trends, you’ve probably heard talks around the Dun and Bradstreet number being eliminated.

[Link to original story here].

 Since I help individuals build business credit and leverage it in their business to generate multiple streams of income, I’ve followed the news about the changes since they dropped some time ago.

Here is a quick breakdown of what you need to know.

  • The DUNS number is being replaced by UEI numbers (Unique Entity Identifiers) 
  • This will only affect you when applying for government contacts and programs, including government grants. 
  • If you’ve already registered your business with Sam.gov, there is no need to register again. 
  • You will still NEED your duns number for building business credit. 

In other words, if you are building business credit only, continue to pay your tradelines and check on your business credit regularly to ensure proper reporting. 

If you have no idea what business credit is or how to obtain it, grab my MasterClass here. 

See you at the top! 

Ebby

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