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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!

OK: That's only at the beginning. catch the start of this nice little noir. Raft makes an entrance any diva would have been pleased with. And he arrives to visit his sister. On the way, he passes a squabbling couple. The sister greets him with love and concern, commenting on how tired he looks. And then he goes to soak in a hot bath! Later in the movie, we see that the authors have been influenced by another play that became a movie: The girlfriend of one of the bad guys suddenly sounds like Judy Holliday as Billie Dawn, from "Born yesterday." It may indeed have been unconscious. But wait: The climactic scene -- and this is giving nothing away -- is set in a theater.

All this said, it's an excellent movie for something on so obviously low a budget. Raft is the same as he usually was. He's not exciting but he gives a solid performance. The lead female, Dorothy Hart, is attractive and convincing. The supporting cast is very good and they're all well directed.

It's by no means a great movie but it's a decent, good one, worth your time.

I found this little gem in the library. It was part of a "Hollywood's Attic" collection and had no information on the case other than the title, but I decided to check it out and have a few laughs. When I saw the credits, I decided anything with George Raft couldn't be all bad and decided to watch it through. Even though he was middle aged at the time, Raft was true to form in his portrayal of the ex-con tough guy infiltrating a loan shark operation responsible for his brother-in-law's death. Nice acting by everyone, including a young Russell Johnson. Definitely not Oscar caliber, but worth it if you're a film noir fan.

While not a fan of Raft's starring qualities for major studio films, I really enjoy him in tough little black and white B films like this. Low budget, filmed quickly, they seem a good fit for his real life tough, sometimes lowlife persona and abilities. I intend this as a compliment to Raft and if you watch "Loan Shark" you will see what I mean.

In addition to Raft you have here a fine supporting cast including one of the best John Hoyt crime performances of his long distinguished career.

Factories, lunch boxes and cheap hoods. Really evokes the underside of the 1950's and moves along briskly. Surprisingly entertaining.