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Can a loan company garnish my 401k?

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No.

No. There are, however, two points at work here as follows:

A 401(k) account is a retirement account that is generally protected from creditors. You are only allowed to access the funds at retirement or through loans where you are effectively borrowing money from yourself and paying yourself back that money with interest.

Garnishing is a phrase that implies money being taken from income of some sort.

Putting this all together, a loan company, if they get a judgment against you, could garnish your wages but would not be able to touch anything that has to do with your 401(k).
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