Take Advantage of Grant and Loan Programs to Start a Business

Did you know there are federal grants and programs that will give and or loan money to existing small businesses or help you to start a small business? You need to have the proper set up and foundation to qualify for the federal assistance, but the money is easier to get than you think.

To complete the process to obtain a DUNS number, you will need to provide the following information:

Legal name of your business entity
Address
Phone number
Name of the CEO or business owner
Legal structure or type of business (corporation, partnership, proprietorship, etc.)
Year the entity was created
Primary line of business
Total number of employees (full- and part-time)
Note: Obtaining a DUNS number places your organization on D&B’s marketing list that is sold to other companies. You can request not to be added to this list during your application. D&B should not charge you a fee for requesting a DUNS number. You are also not obligated to purchase any of their products as a condition to obtain DUNS. It may take 2 -3 days for you to obtain a DUNS number.

A Frequently Asked Questions about DUNS is available at: http://fedgov.dnb.com/webform/displayFAQPage.do offsite link image

Step 2: Register on SAM.gov

Once you have been assigned a DUNS number, you must annually register on SAM.gov to remain eligible to receive program financial assistance. To complete the process on SAM, you will need the same kind of information used to obtain your DUNS number as well as your Tax Identification Number (TIN) and other data to complete registration and reporting requirements.

Before registering, you should review the SAM User Guide. It can be viewed online or downloaded as a PDF at this address: SAM User Help offsite link image

If your organization has the necessary information ready, online registration will take about 30 minutes to complete, depending upon the size and complexity of your business entity. It may take 3 business days or up to 2 weeks before your SAM registration becomes active.

If you are updating or renewing your registration information it will take approximately 24 hours to become active.

If you need help getting this done, contact me, I will assist you in getting your Employer Identification Number; DUNS Number and S.A.M.S. Registration. There is no cost for us to assist with this set up.

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