Is getting a DUNs number overrated ?

[BrothaZay]

My mom who has been In trucking business for a decade says that she can hardly remember ever using her DUNs number and pretty much every business loan is personal guaranteed regardless

When I get on the YouTube business guru section all people talk about is business credit, a DUNs number and paying for trade lines to report to d&b

Is it really just YouTube mumbo jumbo ? Is my moms right that a DUNs isn’t what I think it is

 

[OperationNumbNutts]

Good if you are getting into government contracting.

 

[BrothaZay]

Good if you are getting into government contracting.

And if not?

 

[Mega]

My mom who has been In trucking business for a decade says that she can hardly remember ever using her DUNs number and pretty much every business loan is personal guaranteed regardless

When I get on the YouTube business guru section all people talk about is business credit, a DUNs number and paying for trade lines to report to d&b

Is it really just YouTube mumbo jumbo ? Is my moms right that a DUNs isn’t what I think it is

I've only used mines in regards to Government work when they request it.
Not all of my loans/credit trade lines report to it.
Other than that I've never used it.

 

[Admiral Ackbar]

And if not?

It just makes it easier for governments and banks to see how financially stable your business is. Like an SSN for your business's credit check.

 

[BrothaZay]

It just makes it easier for governments and banks to see how financially stable your business is. Like an SSN for your business's credit check.

I mean I know what it’s for but really I’m asking if you’re trying to get business loans and business credit or credit lines is it really needed like people claim ?

 

[North of Death]

I mean I know what it’s for but really I’m asking if you’re trying to get business loans and business credit or credit lines is it really needed like people claim ?

It's not needed for business loans since underwriting will be looking at your profit/loss reports and business taxes to decide if they want to loan you money or not

 

[Mr Bubbles]

Damn, you know I'm old. I thought DUN was knew slang and immediately got angry.

 

[Silky Johnson]

Like homeboy said, certain govt contracts require it and I've been asked when getting into some deals with vendors and clients. It's just one more way to show you are a serious, established entity.

If you have an actual revenue generating business and not trying the LLC twitter nonsense, it doesn't hurt.

 

[RennisDeynolds]

I've seen companies look for/request it in bid packages

 

[Admiral Ackbar]

I mean I know what it’s for but really I’m asking if you’re trying to get business loans and business credit or credit lines is it really needed like people claim ?

Like I said, it makes it easier.

 

[Van Cleef]

business credit, a DUNs number and paying for trade lines to report to d&b... nikkas need to focus on generating revenue, you don't have a business if you aint making no money

 

[humminbird]

random ass thread
never thought there would be a discussion on DUNS number in the coli

 

[humminbird]

if you have an app developer company you need the DUNS number to be on the App Store

 

[DPeezy]

It's was only needed for government contracting but there is no more DUNS number. That shyt is over and done with. It's called a UEI now.