A tire support stand includes a connecting arm and a telescopic arm, both connected to a securing bracket. The telescopic arm is pivotally connected to the securing bracket, while the connecting arm is firmly affixed to the securing bracket. The telescopic arm includes a sleeve member and an extendable arm which extends in and out of the sleeve member. The tire support stand has two configurations: (1) an upright configuration in which the connecting arm is mounted in a tripod; and (2) an L-shaped configuration in which the connecting arm is mounted to a trailer hitch receiver. In the upright configuration, a spindle platform is mounted on top of the connecting arm for receiving a tire. In the L-shaped configuration, the telescopic arm is rotated to a position perpendicular to the connecting arm and the spindle platform is mounted on top of the telescopic arm for receiving a tire.