05-15-2017 05:25 PM - edited 05-15-2017 06:38 PM
Hi folks! I have a business thats been around for a few years and am getting into the word of lines of credit. Appears a lot of my options currently rely on personal credit in a big way.
So, I'm trying to build and establish strong business credit. I have a personally guaranteed Chase Ink card, and an FEIN, of course, with a few tradelines reporting good things to Experian for my business....but I do not have a DUNS #. Should I get one?
I realize this is a lot but looking forward to learning from you folks!
05-15-2017 09:46 PM
Yes, confirm it BUT DO NOT PAY THEM... you don't need anything but the number... they will try to sell you... build a file... don't need it... just simply confirm it.... unless you are doing government contracts you don't actually need a built up DUN because banks even if they use DUNS will also pull EX Business usually which you dont have to do anything to build!
05-16-2017 12:45 PM
Thank you! Do you think I MUST have a DUNS number? I've somehow managed to be okay without it to date...and I undersatnd some vendors report to DNB whether you have a number or not?
05-18-2017 10:16 AM
A D&B number is required for many government cotracts and major fortune 500 contracts. Our biz deals almost only with these so it was the first thing we got
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