There is no loop hole. It's a fabricated phrase. Any person who
is a licensed gun dealer must follow all the laws and fill out all
the proper paperwork when selling guns, and they must do that even
when they are selling at a gun show. IN MOST STATES, you can buy a
gun directly from an individual without any paperwork, but you can
do that whether you're at a gun show or your neighbor's house. When
people use the phrase "gun show loophole" they are saying you can
go to a gunshow and buy a gun without the background check, but
that is only true (and legal) if you buy from an individual, which
requires no background check, which again, is legal at a gun show
or anywhere else.