A loss for whom? It is all taxpayer money. Does it matter if the Fed makes a profit or if the money is refunded back to the public? It is the equivalent of a stock dividend.
But the point of this subthread remains; corporate loans are expected to be paid back (less some loss reserve, but plus some credit spread), whilst direct payments to individuals are not.
[Edit: should speak of corporate bonds, not loans, for precision. There is a big difference though for this thread it's minor.]