If you want to use the multi-out version of loophole (loophole_1_1_multi.dll) and have the preset loops working, then you need to copy the loop content here.

Copy the folders from \YOURVSTDIRECTORY\loophole_1_1\loophole_loops\

into this directory \YOURVSTDIRECTORY\loophole_1_1_multi\loophole_loops\