A reel frame stand for supporting a reel thereon comprises a first pair of hingedly connected legs oppositely disposed from a second pair of hingedly connected legs; a first axle bearing on the first pair of legs and a second axle bearing on the second pair of legs, and each of the first and second axle bearings comprising a base and a bushing having a cylindrical inner surface surrounding an open channel; an axle having opposing cylindrical portions being rotatably secured within the open channels of the opposing first and second axle bearings to permit selective rotation of the reel supported thereon; a first brace having one end being rotatably secured to one of the legs of the first pair of legs and a second end being selectively securable at one of a plurality of ports on the first pair of legs by a fastener that is sized and configured for engaged receipt within each of the plurality of ports; a second brace having one end being rotatably secured to one of the legs of the second pair of legs and a second end being selectively securable at one of a plurality of ports on the second pair of legs by a fastener that is sized and configured for engaged receipt within each of the plurality of ports; and wherein each of the first and second pairs of hingedly connected legs may be selectively positioned relative to each other in one of a plurality of configurations including a flat configuration, a closed configuration and an open configuration.