1
                                                                  Rule 424(b)(3)
                                                 Registration Stmt. No. 33-63343
Pricing Supplement No. 15                                    Dated: Oct. 3, 1997

(To Prospectus dated October 25, 1995 and
Prospectus Supplement dated February 15, 1996)

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

- --------------------------------------------------------------------------------
Principal Amount:     $25,000,000       Trade Date:  10/3/97
Issue Price:          100%              Original Issue Date:  10/8/97
Interest Rate:        6.06%             Net Proceeds to Issuer:  $24,937,500
Stated Maturity Date: 10/8/99           Agent's Discount or Commission:  $62,500
- --------------------------------------------------------------------------------
Interest Payment Dates: Semiannually on each March 15
                       and September 15 and at Maturity
                       Commencing on March 15, 1998

Day Count Convention:
      (X)    30/360 for the period from October 8, 1997 to October 8, 1999
      ( )    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 __First Chicago Capital Markets, Inc. __Goldman, Sachs & Co.

__Merrill Lynch & Co.  _X_CS First Boston  __Morgan Stanley & Co. Incorporated