If its just a paint chip, in my opinion its not feasible to go all the way to respray it. However, based on your description, its more important to check for any serious damages like cracks or dents. Cracks on the neck are very serious damages and might cause severe injury if it were to snap (string tension are not exactly low). If its just minor dents around the body, worry not, most of our guitars have them anyway.
If its cracked neck you have, I'd suggest you sort it out with your friend. Get him to pay for it if you send it for repair.

If you need to find places to repair, look up the luthier thread which is pinned. Tham or Simon should be able to do the job, for a price of course.