corporate law

DUNS Registration: Essential Guide for Federal Grant Applications and Business Credit

DUNS Registration: A Global Identification System

DUNS Registration is globally recognized through the Data Universal Numbering System (DUNS), which creates a specific and comprehensive identification framework for organizations conducting business with the U.S. federal government.

Understanding DUNS Numbers

The DUNS system assigns a unique nine-digit identification number to organizations interested in federal government transactions. Each distinct physical location, such as branch offices, can receive its own DUNS number. However, many smaller organizations typically only require a single number.

Acquiring a DUNS number is free and can be requested via phone or online.

Importance of DUNS Numbers for Grant Applications

A DUNS number is crucial for organizations seeking funding, such as the Shuttered Venue Operators Grant (SVOG), and is a necessity for any entity looking to engage in business with the federal government.

To apply for a DUNS number, you must provide the following information:

  • Legal name of your entity
  • Headquarters name and address
  • Doing Business As (DBA) name or any recognized name
  • Physical address, including city, state, and zip code
  • Mailing address (if different from headquarters)
  • Telephone number
  • Contact name and title
  • Number of employees at the location applying for a DUNS number

Benefits of DUNS Registration

DUNS registration offers numerous advantages, especially concerning financial assessments and business partnerships:

  • Global Recognition: The D-U-N-S number enables your business to be recognized internationally due to the standardized D-U-N-S database system.

  • Enhanced Credit Worthiness: A high Dun & Bradstreet PAYDEX Score (ranging from 0-100) can expedite business transactions with banks and vendors, reflecting your creditworthiness.

  • Credit Score Management: A D-U-N-S number allows you to monitor and manage your business credit score, aiding in growth-related decisions.

  • Contracting Opportunities: A D-U-N-S number is often a prerequisite for contracting with organizations, including the U.S. government.

  • Access to Financial Resources: Having a D-U-N-S number may be necessary for securing grants and loans, as many financial institutions require this information during application processing.

Transition to UEI

  • On April 4, 2022, the U.S. General Services Administration (GSA) transitioned from DUNS to the Unique Entity Identifier (UEI) as the official identifier for federal awards.
  • The UEI is a 12-character alphanumeric identifier, provided at no cost.
  • During this transition, existing SAM registrants were automatically assigned a UEI.

DUNS Number Still Valuable for Business Credit

  • Beyond U.S. federal government contracts, the DUNS number continues to serve as a global standard for business identification, credit assessment, and international trade.
  • Many banks, private companies, and international organizations still reference DUNS numbers for due diligence, supplier onboarding, and credit evaluations.

Registration in India and Other Countries

  • In India, DUNS registration remains a common practice for establishing business credibility, export/import activities, and vendor registration with large corporations.
  • The registration process necessitates submission of business registration documents, PAN, proof of address, and identification of the authorized signatory.
  • Standard processing time ranges from 10 to 15 business days, with options for expedited processing.

Obtaining a DUNS number can significantly enhance a business's credibility and open up numerous opportunities within the marketplace.