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                                                                 Rule 424(b)(3)
                                                Registration Stmt. No. 33-63343
Pricing Supplement No. 12                               Dated: November 1, 1995

(To Prospectus dated October 25, 1995 and 
Prospectus Supplement dated October 25, 1995)

                           FINOVA CAPITAL CORPORATION
                   (Formerly Greyhound Financial Corporation)
                    Medium-Term Notes, Series C - Fixed Rate

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Principal Amount:     $20,000,000      Trade Date:      11/1/95
Issue Price:          100%             Original Issue Date:  11/6/95
Interest Rate:        6.44%            Net Proceeds to Issuer:  $19,890,00
Stated Maturity Date: 11/6/01          Agent's Discount or Commission: $110,000
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Interest Payment Dates:  Semiannually on each March 15
                         and September 15 and at Maturity
                         Commencing on March 15, 1996

Day Count Convention:
         ( X )  30/360 for the period from November 6, 1995 to November 6, 2001
         (  )   Actual /360 for the period from         to
         (  )   Actual/Actual for the period from       to

Redemption:
         ( X )  The Notes cannot be redeemed prior to the Stated Maturity Date.
         (  )   The Notes may be redeemed prior to the Stated Maturity Date.

Initial Redemption Date:

Optional Repayment:
         ( X )  The Notes cannot be repaid prior to the Stated Maturity Date.
         (  )   The Notes can be repaid prior to the Stated Maturity Date at the
                option of the holder of the Notes.
                Optional Repayment Date(s):
Currency:
         Specified Currency:
                (If other than U.S. dollars, see attached)
         Minimum Denominations:
                (Applicable only if Specified Currently is other than U.S.
                dollars)

Original Issue Discount:  (  ) Yes  ( X ) No

         Total Amount of OID:
         Yield to Maturity:
         Initial Accrual Period:

Form:    ( X ) Book-Entry  (  ) Certificated

         Lehman Brothers    Citicorp Securities, Inc.     Goldman, Sachs & Co.
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   Merrill Lynch & Co.     CS First Boston   X Morgan Stanley & Co. Incorporated
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