Loan Shark finds George Raft an ex-con come to live with his sister Helen Westcott after his release. Their neighbor and secretary to the owner of the factory where Westcott's husband is employed, Dorothy Hart puts in a good word for Raft for a job.

Owner Charles Meredith has a special job in mind for Raft, investigating and finding out who's behind a group of loan sharks who have been putting many of his employees in their debt. Raft doesn't want this kind of work, but changes his mind when his brother-in-law Bill Phipps is killed.

But unfortunately this involves Raft going undercover and working for the gang until he can find out who the real boss is. He makes a lot of enemies, including Westcott and Hart until the job is done.

The film was done for B picture studio Lippert films and possibly at a major studio it would have had a lot of the plot holes filled. The writing could have used some improvement, but action goes along at a nice pace and Raft is perfectly cast in the hero part. During this time Raft was doing most of his work in B films and some of them are not bad at all. Loan Shark is one of them.

It sure was odd seeing a 57 year-old George Raft playing essentially the same role he'd been playing almost twenty years earlier--especially since the stuntman they used for him looked much younger and a lot more fit! Also, having a 27 year age difference between him and his girlfriend also strained the limits of credibility. However, if you can ignore the oddness of the casting, then it's a very good example of Film Noir that is sure to please lovers of this genre.

Raft plays a man who has just gotten out of prison for assault. He genuinely wants to go straight, but unfortunately the job prospect he has wants him to do some undercover work to determine who's in charge of a local loan shark business. He turns the job down, but when his brother-in-law is soon killed by these thugs, he changes his mind and works his way up through the racket to find "Mr. Big".

An exciting script, very good acting and pacing make this a fine fine example of Film Noir. If you liked this film, try to see Alan Ladd in APPOINTMENT WITH DANGER. The plot is very similar, though the Ladd film is a good bit grittier and tougher.

By the way, although this is a good film, Raft's prospects in Hollywood were pretty bleak at this point in his career. Raft made a habit of turning down amazing roles and by the 1950s he was starring in mostly B-pictures. According to IMDb, he'd "turned down High Sierra (1941),The Maltese Falcon (1941),Casablanca (1942) and Double Indemnity (1944)"--yikes!

A tire company owner is concerned that his employees are being beaten by a loan shark operation. Half of the workers owe them money. The owner and the union boss call in tough ex-con Joe Gargen (George Raft). At first, he's unwilling to help until his brother in-law gets killed.

This is a standard B-crime drama done with professional workmanship. These are surface characters. The actors have hardened dialogue and pulpy plot to go through. It's nothing special. There is a bit of action but nothing grand. It's standard and a functional watch.