The Small Business Administration is expanding its venture capital program for “impact investments” — the financing of businesses that generate social, environmental and economic returns, as well as profits. SBA’s Impact Investment Fund was created in 2011 as part of the agency’s already-existing Small Business Investment Companies program. The agency has been allocating $200 million in SBA-guaranteed debt to the Impact Investment Fund, which is then available to SBICs that are licensed as Impact SBICs. These SBICs commit to investing at least 50 percent of their capital in impact investments. Like other SBICs, they can get $2 of SBA-guaranteed debt for every $1 in capital they raise from investors, such as banks, pensions funds or wealthy individuals.