The starting of a letter that would be written for a fund application would deifinitely assume a formal letter writting pattern since it being addressed to financial institution. Letter of this nature needs no form of familiarity, instead it's always straight to the point with the primarily intention of it been written stated.
First of all, you begin with address of writer and follow it up with address of the recipient; all would be written close to the margin of the paper as opposed to the old pattern of separating them. After this, it would be followed by greetings to the person the letter is been addressed, depending on the gender of the individual. This would be followed up by the title of the letter such as "application for fund".
In addition, you can proceed to stating the purpose of writing the letter, which would be under the first paragraph. Further emphasis can be made for the purpose of clarity in second paragraph. And you can then draw your conclusion on the third paragraph, before you sign out with your name and signature at the left bottom of the letter.