Do you sign up for Dun and Bradstreet (DUNS) Number

[Prashant P.]

I created an enity and am looking to create credit for this enity. Do you guys sign up for a Duns and Bradstreet number.

How do you build credit for your commerical loans?

[Michael Wagner]

I agree with A DUNS # is imprortant to get. Also agree that paying DUNS for anything beyond that is not necessary. Once you have the number pick 2-3 suppliers that report to DUNS. I believe home depot credit accounts (where you pay in full every month) qualify as do similiar accounts at staples and officemax. Purchase something from them each month on the account and then pay in FULL IMMEDIATELY upon receiving the bill. After 6-9 months approach a local credit union and get a small ($500) credit account using only the DUNS number, no SSN or personal guarantee. You may need to deposit $500 into a savings account with them initially and as your relationship grows so too will your credit and limit. Hope that helps!