Yes, if it's loose, it would be like throwing a hotdog down a hallway...
I think most guys would say yes, although I'm not sure too many men they understand exactly why or how.
For example, it's common belief that after childbirth a woman's vagina becomes too loose for sex to be enjoyable.
While there are definitely some changes down there, women are still able to have perfectly enjoyable sexual intercourse after a pregnancy. Think about it from a biological point of view: Mammals are designed to have more than one offspring in their life, so the idea that sex becomes impossible for a couple following childbirth is a bit silly.
What is even crazier is the myth that women who sleep with many men have looser vaginas. Women can stretch down there a lot more than you may expect, so no matter how "large" a partner is, a penis is unlikely to have any lasting impact on the size or shape of a sexual organ.