Date Published: May 2015
Yes, for profit businesses are required to have a DUNS number to be eligible for economic development loans funded with CDBG. 24 CFR § 570.609 establishes that the requirements set forth in 24 CFR part 5 apply to the CDBG program. 24 CFR § 5.1003 describes the DUNS number requirement in detail. For profit businesses can register for a DUNS number through the Online DUNS Request Portal. This is a free service. Federal procurement data systems and requirements are also changing, so the businesses in question should also create an account in the System for Award Management (SAM), which includes links to trainings, guidance, and other materials for the various types of entities that will use SAM. This is also a free service.