SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                                  March 7, 2001
                        (Date of earliest event reported)


                           FINOVA CAPITAL CORPORATION
             (Exact Name of Registrant as Specified in its Charter)


          Delaware                    1-7543                     94-1278569
(State or Other Jurisdiction        (Commission                (IRS Employer
      of Incorporation)             File Number)             Identification No.)


4800 North Scottsdale Road, Scottsdale, Arizona                  85251-7623
   (Address of Principal Executive Offices)                      (Zip Code)


                                 (480) 636-4800
               Registrant's telephone number, including area code


                                      None
          (Former Name or Former Address, if Changed Since Last Report)

ITEM 5. OTHER EVENTS

     On March 7, 2001, The FINOVA Group Inc. announced that it and eight of its
subsidiaries, including FINOVA Capital Corporation, had filed voluntarily
petitions for reorganization under Chapter 11 of the United States Bankruptcy
Code in the United States Bankruptcy Court in Wilmington, Delaware. In addition
to The FINOVA Group Inc. and FINOVA Capital Corporation, the filing entities
include FINOVA (Canada) Capital Corporation, FINOVA Capital plc, FINOVA Loan
Administration Inc., FINOVA Mezzanine Capital Inc., FINOVA Portfolio Services,
Inc., FINOVA Technology Finance, Inc. and FINOVA Finance Trust.

         The FINOVA  entities  obtained  bankruptcy  court  orders March 7, 2001
that,  among other things,

     *    preserve their ability to run their businesses in the ordinary course,
          including honoring prepetition commitments for customer loans, leases
          and other financings, selling or leasing of repossessed, refurbished
          and leased assets, managing their portfolios and loans and making
          intercompany loans, and

     *    authorize payment of prepetition employee claims and continuation of
          prepetition employee programs, policies and plans, with the exception
          of new retention plans that were recently adopted and will be
          submitted for bankruptcy court approval and amounts due to senior
          executives under existing retention plans, other amounts payable upon
          a change of control and certain payments due to senior executives in
          May 2002.

     The FINOVA Group's press release regarding the Chapter 11 filings is filed
as Exhibit 99.A to this report.

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, FINOVA
Capital Corporation has duly caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized.


                                        FINOVA CAPITAL CORPORATION

                                        /s/ Richard Lieberman
                                        ----------------------------------------
Dated: March 13, 2001                   By: Richard Lieberman
                                            Vice President-Associate General
                                            Counsel and Acting Secretary

                                  EXHIBIT INDEX


Exhibit Number      Description
--------------      -----------
    99.A            Press Release of The FINOVA Group Inc. dated March 7, 2001.