What Is a Business Days Calculator?
A business days calculator refers to the logic that measures elapsed time based only on active working days.
In MCA and small business lending, this means calculating how long it takes for a submission to move from arrival to underwriting-ready, excluding weekends or non-operational days.
This calculation is critical in environments where service-level agreements (SLAs) are measured in business days. Operators use it to monitor whether they are meeting their turnaround targets without skewing results with downtime periods.
How Does a Business Days Calculator Work?
A business days calculator applies date logic to workflow timestamps.
- Start time: The system logs when a submission or document is received.
- Pause logic: Weekends and holidays are excluded from elapsed time.
- End time: Completion is recorded when the item is scrubbed, written back, or marked underwriting-ready.
- TAT output: The system produces turnaround time measured in business days instead of calendar days.
In Heron, the business days calculator is integrated into workflow metrics.
- Automated timestamps: Submissions are time-stamped on arrival and completion.
- Calendar logic: Heron calculates elapsed business days while skipping weekends and configured holidays.
- Performance reporting: Metrics like average TAT are reported in business days, giving funders a true reflection of speed.
- Next action: Teams track performance consistently, with SLA monitoring aligned to real-world operating schedules.
This provides accuracy for both internal management and broker-facing performance commitments.
Why Is a Business Days Calculator Important?
For brokers and funders, a business days calculator is important because turnaround times drive satisfaction and a competitive edge. Reporting in calendar days can misrepresent performance, especially when deals span weekends or holidays.
Heron makes this simple by embedding business days tracking directly into its automation. Teams gain reliable, apples-to-apples metrics that support SLA compliance and help communicate timelines clearly to brokers.
Common Use Cases
Business days calculators are applied in performance tracking and SLA reporting.
- Measuring average turnaround time in business days for ISO submissions.
- Reporting SLA compliance accurately to brokers and partners.
- Comparing operational speed before and after Heron automation.
- Flagging submissions at risk of breaching SLAs in business-day terms.
- Standardizing TAT reporting across underwriting teams.
FAQs About Business Days Calculator
How does Heron calculate business days?
Heron applies timestamp tracking with rules that exclude weekends and recognized holidays, ensuring turnaround time is measured only on working days.
Why is a business days calculator valuable for MCA brokers and funders?
It gives a truer picture of performance, avoids disputes over SLAs, and shows brokers that turnaround times are aligned with real operating schedules.
What outputs should teams expect from a business days calculator?
Teams receive TAT metrics expressed in business days, logged in CRM dashboards and reports, making comparisons consistent across all workflows.