Can You Get Business Credit Without DUNS?

Businesses can be tracked and identified using the nine-digit DUNS (Data Universal Numbering System) identifier. Many businesses, especially lenders, utilize it to evaluate a company’s creditworthiness. But not every company has a DUNS number. Can one obtain company credit without DUNS, then? The answer is indeed. Although DUNS are frequently used by lenders and credit bureaus to assess corporate credit, they are not the only consideration. To create company credit, one can employ alternative credit reporting bureaus. Experian and Equifax, for instance, both provide credit reports for companies without DUNS numbers.

Working with vendors who submit to credit bureaus is another option to build business credit without a DUNS number. Many suppliers, such office supply firms and industrial suppliers, inform credit bureaus on their customers’ payment histories. Businesses can establish credit without a DUNS number by doing business with these vendors and paying them on time. How quickly can you establish business credit?

Although it takes time to develop a credit history for a firm, it is feasible to do it relatively rapidly. A corporate credit report can be created by some credit bureaus, like Experian, in a matter of weeks. But establishing a solid credit history takes time. When examining credit, lenders and credit bureaus consider a number of things, such as payment history, credit use, and length of credit history.

Scores for business credit range from 0 to 100. The maximum score for a firm is 100. A company rarely receives a perfect score, though. A decent business credit score is often thought to be in the 70s or higher, while the average business credit score in the United States is 57, according to Experian. Does Brex Submit Reports To DUNS?

Brex is a provider of financial technology that gives companies corporate credit cards and cash management accounts. Brex does report to other credit bureaus, including Experian and Equifax, even if it does not report to DUNS. Businesses can build credit and raise their credit ratings by creating credit with Brex and paying their bills on time.

The chance of a business getting in arrears on its payments is predicted by the Dun & Bradstreet Delinquency Predictor Score. The score is between 1 and 9, with 1 representing the lowest danger and 9 being the highest. Generally speaking, a decent Dun and Bradstreet Delinquency Predictor Score is less than 3. Businesses with credit scores of three or higher can have trouble getting loans or face higher interest rates.