FINOVA CAPITAL CORP
424B2, 1995-08-07
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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<PAGE>   1
                                                           Rule 424(b)(2)
                                          Registration Stmt. No. 33-52845
                                                    Dated: August 3, 1995
Pricing Supplement No. 2

(To Prospectus dated May 23, 1994 and
Prospectus Supplement dated May 23, 1994)

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

--------------------------------------------------------------------------------
Principal Amount:      $75,000,000      Trade Date: 08/03/95
Issue Price:           100%             Original Issue Date: 08/08/95
Interest Rate:         6.84%            Net Proceeds to Issuer: $74,625,000
Stated Maturity Date:  08/08/2000       Agent's Discount or Commission: $375,000
--------------------------------------------------------------------------------
Interest Payment Dates:  Semiannually on each March 15
                        and September 15 and at Maturity

Day Count Convention:
    (X)  30/360 for the period from August 8, 1995 to August 8, 2000
    ( )  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 ( ) Certified
Cusip No. 39804HBK3

<TABLE>
<CAPTION>

<S>     <C>
   ___   Lehman Brothers      ___  Citicorp Securities Markets, Inc.     ___ Goldman, Sachs & Co.
                                                                   
   ___   Merrill Lynch & Co.  ___  Salomon Brothers Inc.          _X__    Morgan Stanley & Co. Incorporated
</TABLE>

Medium-Term Notes
X  (Fixed Rate)/  (Floating Rate)
--              --
Due from more than 9 months to 30 years from Date of Issue
Aggregate Principal amount of Notes sold to date: $152,550,000



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