An urgent need for more retail theft prevention exists, with more than $36.3 billion lost from theft in 2009, up from $34.8 billion in 2007.

According to the National Retail Security Survey from June 2009: in 2007, the amount of theft corresponded to 1.44% of that year’s retail sales; in 2008, that percentage rose to 1.52%, which means that losses are increasing.

Although employee theft is down, shoplifting is up – and it has been estimated that 14% of theft takes place when a store employee works with someone outside the store to steal merchandise.

Here are more disturbing facts about retail theft.

Although there are fewer incidents of theft now than in the past, the amount taken per incident has nearly doubled. And, thieves are getting more aggressive when they steal, and more willing to use violence to get what they want.

Plus, the amount of burglaries and robberies has quadrupled, with an average of $5,000 being stolen each time. To make matters even worse, these losses are not always counted as retail shrinkage – which means that the losses suffered by retail stores in 2009 is actually larger than $3.63 billion!

If you own a security business, then it’s an ideal time to offer your retail theft prevention services to even more store owners and managers.

Your staff is well trained in detecting attempts at theft and reducing the amount of times in which theft is successful. Your services are clearly needed! But, as you increase the number of stores that you serve, how will that affect your cash flow management? You may not be paid by the stores for 30 – or even 45 – days, but your employees need paid every two weeks.

Boost your cash flow management for your security business with invoice factoring as your business funding solution today.

When you choose MP Star Financial for your invoice factoring, you’ll receive the business funding that you need for effective cash flow management – and, at MP Star, you pay no hidden fees. Call us at 800-833-3765 Ext. 150. Or, apply for invoice factoring, your business funding solution, online today.