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yes, there is. you can call or name it anything you want. you can disagree with it also, but it does exist. someone who would never even attempt to buy a gun at a gunstore would seek a gunshow if he had malicious intentions. Private sales many times are with people who know you or with someone who knows someone who knows you. What I am getting at, is private sales are different then the gunshow loophole in my opinion. gunshow loophole law would heavily cutdown on guns getting in the wrong people's hands.
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If they ban private sales at gun shows, private sales will just go underground. Hell, they already are- imagine how many guns were traded to prohibited parties for crack in this day alone.
The only thing you'll see is a surge in straw sales, which are almost impossible to prevent, unless the buyer/seller is just really stupid about it.