Rule 424(b)(3)
                                                 Registration Stmt. No. 33-63343
Pricing Supplement No. 17                                   Dated: Oct. 14, 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:       $20,000,000      Trade Date:   10/14/97
Issue Price:            100%             Original Issue Date:  10/17/97
Interest Rate:          6.38%            Net Proceeds to Issuer:  $19,930,000
Stated Maturity Date:   03/19/01         Agent's Discount or Commission: $70,000
- --------------------------------------------------------------------------------
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 17, 1997 to March 19, 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 Currency 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    X  Chase Securities, Inc.     Goldman, Sachs & Co.
        ---                  ---                         ---

         X  Merrill Lynch & Co.     CS First Boston     Morgan Stanley & Co.
        ---                     ---                 ---             Incorporated