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In the competitive landscape of business, establishing credibility and trustworthiness is imperative. One way to enhance your company’s reputation and access new opportunities is by leveraging Dun & Bradstreet (D&B), a leading provider of business credit. Let us talk about the significance of D&B for businesses, how it works, and the steps to get started.
What is Dun & Bradstreet (D&B)?
Dun & Bradstreet is a global provider of business data, analytics, and insights. With a legacy dating back to 1841, D&B has evolved into a trusted resource for lenders seeking comprehensive information about businesses, including credit reports, financial data, and risk assessments. D&B’s extensive database contains millions of business records worldwide, making it a valuable tool for decision-making and risk management.
Why Does Your Business Need D&B?
Establish Credibility:
Having a D&B profile enhances your company’s credibility and legitimacy in the eyes of suppliers, lenders, and potential partners. A D&B credit report provides an objective assessment of your company’s financial health and stability, instilling confidence in stakeholders.
Access Financing:
Many lenders and financial institutions rely on D&B reports to evaluate the creditworthiness of businesses when considering loan applications. A positive D&B credit profile can increase your chances of getting approved or denied financing, and receiving lower interest rates and higher credit limits.
How Does D&B Work?
D&B assigns a unique identifier called a Data Universal Numbering System (DUNS) number to each business entity in its database. This nine-digit identifier serves as a universal standard for identifying and tracking businesses worldwide. To establish a D&B profile for your company, follow these steps:
Obtain a DUNS Number:
Visit the D&B website and request a DUNS number for your business.
Verify Business Information:
Provide accurate and up-to-date information about your company, including its legal name, address, and industry classification.
Build Your D&B Profile:
Once you receive your DUNS number, use it to create a comprehensive profile on the D&B platform. Include details about your company’s history, operations, financial performance, and industry affiliations.
Monitor and Maintain Your Profile:
Regularly review and update your D&B profile to ensure accuracy and completeness. Monitor your business credit score and ratings to identify areas for improvement and address any discrepancies.
For a step-by-step video on How to get a D&B number go HERE –
PS: You can join my group here. See what it is about with this link: https://www.facebook.com/groups/businesscreditmasterycircle
About the Author
Kimberly Lewis is currently the CEO of EPC Solutions LLC. She specializes in helping business owners establish excellent business credit scores and then leveraging those scores to access credit and cash for their businesses. For more information on business credit scores, business credit and business loans visit https://epc-solutions.net.